Kiwibuys stores are "all profitable", but doesn't mention any net profit figures
Kiwi buy generates 12 million in sales but sells it for exchange in shares valued at $300k
One can assume it sold the company for say 20% ROI. Rough estimate the next profit for all 5 stores combined is $60k
That is absolutely pathetic. More money spent on a useless aquisition on a low margin/high expenses business.
Total dud of a deal that again has absolutely zero effect on the company's bottom line in the positive direction.
Kiwibuys stores are "all profitable", but doesn't mention any...
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