Dollars? Soon?
By dollars, let's say you mean $2. To what do you attribute the meteoric rise from a $3.8 Million company to a $760 Million company?
As of right now, they sell a thermometer. Do they have any other revenue streams?
I'll answer that for you... the answer: Not that we know of. We have no idea where this company will get revenues from.
Please don't quote the 8-k, since that is all vague information which most every similar company aspires to achieve. "focus on future strategies for developing the medical device business unit and the pursuit of other investment opportunities. We previously announced our intentions to consider investment opportunities outside of medical device distribution including, but not necessarily limited to, commercial and hospitality real estate, specialized financial services and equipment rentals."
If you want to put faith in that statement and similar statements from the 10-k, you should also take heed and question the following statement from the 10-k: "Our plan of operations for the next 12 months is to prepare our marketing and distribution strategy and our sales and distribution force for the Thermofinder. We will also require additional capital to carry out our current business plan. We currently do not have sufficient financing to fully execute our business plan and there is no assurance that we will be able to obtain the necessary financing to do so.
We may not be able to fund our cash requirements through our current operations. Historically, we have been able to raise a limited amount of capital through private placements of our stock, but we are uncertain about our continued ability to raise funds privately. If we are unable to secure adequate capital to execute our plan of operation, our shareholders may lose some or all of their investment and our business may fail.
We estimate that our expenses over the 12 month period beginning June 1, 2015 will be approximately $1,000,000 as described in the table below. These estimates may change significantly depending on the performance of our products in the marketplace and our ability to raise capital from shareholders, investors, lenders or other sources.
So my question... How do you expect IDNG to generate revenue to grow into a company of that size soon?
