QUESTION
- Are you able to give any guidance at all about Q2 results?
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ANSWER
The 45 days provided for in filing protocols are very important for the company, in order to perform internal audit of numbers, double check material entries, reconcile tallies, etc. However, our internal systems continue to improve, and it is increasingly feasible to have a “reasonable idea” toward the end of the period. Accordingly, in the spirit of very broad stroke guidance only, I can say that final net sales appear to be over U.S. $170,000, compared with U.S. $130,554 for the corresponding period 2010. The bottom line shows continued reduction of loss. In other words, the company’s trend toward improved efficiency continues. The indicated sales figure was achieved without the benefit of either the Walmart resumption of orders (for delivery in July), nor the addition of the 30.7 oz size to Zellers (future Target banner in Canada) and other orders placed, but not yet delivered.
