Steve explained that product velocity means (not exact numbers) 1 x product tin = ~$23.00 ea x 465 walmart stores that it is currently stocked in. Current sales ratio is 1.15 which means 1.15 x $23.00 = $26.45 x 465 stores = $12,299.25 PER DAY x 365 days per year $4,489,226.25. They will be looking at millions in revenue. They have hopes of putting product into more than 1,000 stores over time. They also intend to stock a range of different product which could increase product velocity substantially. I am hopeful that the new sales strategy works because this could be very profitable. Steve said that Walmart take ~1/3 of sale price. This is NGS selling 1.15 tins of product in all stores each day. Makes you wonder if they could get it up to say 5 or 10 per day. Then do the maths on revenue. Current SP looks a bit cheap. DYOR.
NGS Price at posting:
1.4¢ Sentiment: Buy Disclosure: Held
