Shareholder Question: Reusable Shopping Bags

QUESTION

  • A poster on on a discussion board claims that it will cost the company $40,000 to send these bags to shareholders?  Can we afford that?

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ANSWER

These highly visible and long lasting bags cost $2.50 each.  They can be mailed by regular post, folded,  in an envelope.  They are only being sent to shareholders who have requested one.  The total cost of supplying those shareholders will be a few hundred dollars, at the most.   The bag is fun, useful, durable and low cost. $40,000 is a ridiculous exaggeration.  Thank you for the opportunity to correct the misinformation.

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