(Total Views: 301)
Posted On: 05/06/2019 10:31:55 AM
Post# of 40991
You can now match up SB's tweets to the issuance of shares for debt conversion by date to see just how active he was as shares were being dumped on the market.
All this begs the question of why if the company is generating $200K per month in profits does SB need the cash so desperately from Canouse controlled entities and from SB loaning the company over $900K.
The answer is that based upon the "sales contracts", very little of the product were shipped to dealers or actually sold to end users. SB is booking contract value in advance hence the very large accounts receivable.
I'm willing to make a bet that the same 1000 bSafeMobile units have been booked as revenue (to various clients) at least 20x but have only been shipped to end users 1x. That is why units are so difficult to find.
All this begs the question of why if the company is generating $200K per month in profits does SB need the cash so desperately from Canouse controlled entities and from SB loaning the company over $900K.
The answer is that based upon the "sales contracts", very little of the product were shipped to dealers or actually sold to end users. SB is booking contract value in advance hence the very large accounts receivable.
I'm willing to make a bet that the same 1000 bSafeMobile units have been booked as revenue (to various clients) at least 20x but have only been shipped to end users 1x. That is why units are so difficult to find.
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