mPhase Technologies Inc (XDSL)

[Milesblue42]

17,452,984,203-Billion-shares-later-ZERO-NANOTECHNOLOGY-Products??


As of October 25th 2015 XDSL Outstanding share count was 17,452,984,203 Billion shares
http://www.otcmarkets.com/stock/XDSL/profile

Yet Mphase has not one single Nanotechnology product??

IMO it appears as though Mphase doesn't even make their own products I think this company is just a reseller http://www.marketwatch.com/story/10-k-mphase-technologies-inc-2015-10-13

New Products developed and sold during Fiscal Year 2015

The Company completed development and increased sales of the mPower Jump and mPower Mini Jump products that began in fiscal year 2014 as part of its consumer product line. In 2015, the Company introduced the mPower Jump Plus and mPower Truck Jump products to the market. The Company outsourced the design, engineering, development and manufacturing of the products and it is anticipated that the Company will continue to add energy storage and additional battery jump starter products. Prior to fiscal year 2014, the Company incurred approximately $12.139 million in development costs of its nano and battery products and has received a series of prototypes of the mini Jump products. The roll-out of the products that began in fiscal year 2014, generated gross revenues of $1,141,469 and $580,972 during the fiscal years ended June 30, 2015 and June, 30, 2014, respectively.

Is this really true? Mphase is just a reseller of battery products? Wait so over 17 Billion shares were issued and Mphase has to outsource the design, engineering, development and manufacturing of its products....or is it merely Mphase labeled products?


Where have all the funds gone from the selling of 17,452,984,203 Billion shares? :(