Chuxa, sales seem to suggest people are aware of the benfits, just need some patience but their problem at the moment is keeping up with demand so I am not too worried here.
A couple of JV items to clarify for everyone, I have had confirmed:
1. Royalty payments to RP/BCC are in the COGS line items in the Zoelo P & L under note 12 - Is nowhere else could be but does confirm this.
2. JV shows as a small loss or negative equity position but this is mainly due to launcing Europe/UK - I think we all also thought this was the case but confirms this.
3. JV Entity could be much more profitable at the bottom line if it decided to stop growth, trim expenses etc - but they are in a growth phase and new areas to come.
I am hoping once scale is large enough it can just roll out new areas without much notice and BCC will still be receiving large royalties.
The $700k to $800k a year it shoudl be noted is growing so we could be at $1.2 million by February for example, or at leats by June 2023.
Chuxa, sales seem to suggest people are aware of the benfits,...
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