(Total Views: 262)
Posted On: 11/28/2020 1:33:20 PM
Post# of 82689
On this we can agree. Even their paltry revenue of $60K for the quarter gives them $20K per month to operate.
I can see that at the very most their expenses run to maybe $75K per month, so the need to raise over $200K this past month should raise some eyebrows. Especially since it wasn't a one off dilution.
The filing, as I'm sure you know, clearly states that the money can be spent at their discretion, in no way are they bound to spend it on marketing VChat.
So, I agree about things coming to an end. I see maybe a bankruptcy to protect them from creditors and maybe a company spun off featuring Crypto, BlockSafe, and VChat (however those things are done). I think Dietl's strategy all along has been to postpone paying for the patents in anticipation of the company folding.
The only one of their original patents with serious value is Mobile and there will most likely be a going out of business, fire sale of that. Then, hello, Mar a Lago.
I can see that at the very most their expenses run to maybe $75K per month, so the need to raise over $200K this past month should raise some eyebrows. Especially since it wasn't a one off dilution.
The filing, as I'm sure you know, clearly states that the money can be spent at their discretion, in no way are they bound to spend it on marketing VChat.
So, I agree about things coming to an end. I see maybe a bankruptcy to protect them from creditors and maybe a company spun off featuring Crypto, BlockSafe, and VChat (however those things are done). I think Dietl's strategy all along has been to postpone paying for the patents in anticipation of the company folding.
The only one of their original patents with serious value is Mobile and there will most likely be a going out of business, fire sale of that. Then, hello, Mar a Lago.
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