Friday, April 17, 2015 4:54:43 PM
$54k revs 1st 9 months 2014 annual projection = $75k revs
$68k loss 1st 9 months 2014 annual projection = $91k loss
but the real lipstick is found in the Q3 report's line items:
Contingent Assets: $80,000
with "audited" fins, they wouldn't be on the balance sheet, but where did angel put them?
Page 1 of his balance sheet roflmao, (page 4 of the Q3 fins):
http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=129668
Intangible Assets: $520,754
Wow! Over a half million dollars worth of?
My best guess is the budgenius name is what he refers to, even though it's not protected as i see copyright only on his website, not marca registrada trademarks, how he came up with such a freaky number of $520,754 is beyond me!
so what value do you put on a company poised to lose almost $100,000 in 2014 on revs of maybe $75,000? Only possible revenue in the pipeline is the tommy chong crap, which could be a full year away from actually starting to sell....strain testing biz is almost cooked, tests get less and less each month that goes by.
Weighted Average Common Shares Basic and Diluted 26,569,110,579 a/o 9/30/2014
26,569,110,579 times .0002 = $ 5,313,822
how on earth could this company be worth over $5 million dollars?
Even 5 years from now?
Magic share fairy will sprinkle MORE shares on investors, but none of them will go "poof" like some merlins would have you believe
beware of the pump it will leave you in the dump
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