Project One aims to save 3-4 million Per Year
They burnt 15 million last year
They're going to continue hemorrhaging money
The Kaddy business model is in shambles, they connect the buyers and sellers so they do business off the platform.
Now they've slashed their fees so they can try and claw back some of that business. If buyers and sellers can do business without them why would they want to donate even 1% to Kaddy? Even if they do start conducting transactions through Kaddy again 1% isn't going to keep the lights on.
The only division that breaks even is Partons and they've only been able to get 6% of their users to engage with them. This was supposed to be Wine Depot's primary focus. Warehouses and Trucks to streamline and create savings remember?
The problem I see with a lot of holders is that they're still watching the webinars and believing the rubbish that Dean spews. He has failed to deliver on his promises so ignore the spin and look at the cold hard numbers.
The numbers don't lie and the numbers predict more pain.
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