As I have said before there is no Kuala Lampur fac
Post# of 40991
(Total Views: 818)
Posted On: 05/11/2018 10:49:30 AM
As I have said before there is no Kuala Lampur factory that On4 owns. If SB cannot pay for Cogosense, what makes you think he has the cash to buy a factory in Malaysia?
At best, he contracted with a factory to make a new mold which probably should enable him to make 8 units per stamp instead of 1-2 with the old mold. Most of his cash needs to go to pay for inventory because SB is likely paying CIA for the units.
SB, IMO on the Nov 2017 conference call was giving shareholders his most optimistic forecast that he would own factories around the world. He would have to have money pouring out of his business in order to accomplish this and so far we have NOT seen this to be the case. If he had mucho business as he is claiming, it would have meant nothing to pay $330K to Delaware to satisfy the past debt in order help getting into good standing and move closer to FINRA approval and start the ball rolling to move to CO.
No cash to pay DE debt, no cash to pay for factories, no cash to pay for Cogosense, no cash to pay sales commissions. How is SM going to miraculously have cash to pay for MJ or dental or any other opportunity? Whatever little cash he does have is paying for travel expenses and product.
Go back to all those August deals Berman has claimed to have done.
from Winston's post
#1> ASSURANT $1,200,000 annual revs
#2> GOOGLE BRAZIL $1,800,000 annual revs with plans
for expansion in several more South American countries.
#3> FLORIDA LAW GROUP $600,000 annual revs.
#4> SHOPPING WEBSITE> $600,000 annual revs est.
#5> BRAZIL EXTENDED WARRANY Company
$2,000,000 annual revs est.
#6> SOUTH AMERICAN Group $1,800,000 annual revs est.
So where is the revenue today from just those deals? That's $8 million from just those deals alone, of which $667K per month should have hit the books cumulatively. Q1 revenue was reported to be $953K It would have just taken 1 1/2 months of estimated revenue from those "deals" alone to get to $953K and we aren't even adding in the dozens of other deals Berman has claimed to have closed on. Either the deals didn't happen or Berman extrapolated monthly revenues in his PR's MUCH MUCH higher than they actually were and he failed to update shareholders that recurring revenues were FAR FAR lower than what he PR'd.
This is the reality. I think it's dawning on some of you that the numbers don't add up.
At best, he contracted with a factory to make a new mold which probably should enable him to make 8 units per stamp instead of 1-2 with the old mold. Most of his cash needs to go to pay for inventory because SB is likely paying CIA for the units.
SB, IMO on the Nov 2017 conference call was giving shareholders his most optimistic forecast that he would own factories around the world. He would have to have money pouring out of his business in order to accomplish this and so far we have NOT seen this to be the case. If he had mucho business as he is claiming, it would have meant nothing to pay $330K to Delaware to satisfy the past debt in order help getting into good standing and move closer to FINRA approval and start the ball rolling to move to CO.
No cash to pay DE debt, no cash to pay for factories, no cash to pay for Cogosense, no cash to pay sales commissions. How is SM going to miraculously have cash to pay for MJ or dental or any other opportunity? Whatever little cash he does have is paying for travel expenses and product.
Go back to all those August deals Berman has claimed to have done.
from Winston's post
#1> ASSURANT $1,200,000 annual revs
#2> GOOGLE BRAZIL $1,800,000 annual revs with plans
for expansion in several more South American countries.
#3> FLORIDA LAW GROUP $600,000 annual revs.
#4> SHOPPING WEBSITE> $600,000 annual revs est.
#5> BRAZIL EXTENDED WARRANY Company
$2,000,000 annual revs est.
#6> SOUTH AMERICAN Group $1,800,000 annual revs est.
So where is the revenue today from just those deals? That's $8 million from just those deals alone, of which $667K per month should have hit the books cumulatively. Q1 revenue was reported to be $953K It would have just taken 1 1/2 months of estimated revenue from those "deals" alone to get to $953K and we aren't even adding in the dozens of other deals Berman has claimed to have closed on. Either the deals didn't happen or Berman extrapolated monthly revenues in his PR's MUCH MUCH higher than they actually were and he failed to update shareholders that recurring revenues were FAR FAR lower than what he PR'd.
This is the reality. I think it's dawning on some of you that the numbers don't add up.
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