Reading the announcement seems black and white to me. The sales of the milk powder is $190k gross. Before any costs, profit sharing and ownership structure is taken into account.
i don't see how you could read anything otherwise.... So unfortunately it isn't as optimistic as some make it out to be. On a plus the additional fees beyond sales mentioned by someone above would also be on top.
what would be key is if they mention the profit marginns on these. And obviously 80% profit share to RLG so the underlying share is probably a fraction for now. That said for a first week if it can grow a few multiples e.g. $1m in sales a month , then $12m with a completely plucked % of 5% would still be $600k profit. Plus any service fees and whatever else they earn from it all. Still baby steps.
RLG Price at posting:
0.7¢ Sentiment: Hold Disclosure: Held
