Stating a margin of 40% without qualifying is not going to cut with a company that now has lost some of the confidence from minority shareholders
To me it would be simple we know the sales receipts and our margin over COGs was 40% but make it less opaque and followed by showing the $ spent on actual COGs used in goods for the quarter (not bought for the future ) with a break down of what the COGs was ie may show a % of costs going to the production division and marketing division but none to head office .
AJX Price at posting:
48.5¢ Sentiment: Sell Disclosure: Held
