mPhase Technologies Inc (XDSL)

[Milesblue42]

IMO sounds like a CEO-Durando-Safe-Harbor-statement

Agreed, 17+ billion shares is a ridiculous number. They do however have products for sale, just search mPower battery chargers.

IMO this sounds like CEO Ronaldo Durando would say this....

They have products for sale? But does Mphase have it's own designed and engineered products? Or is XDSL simply a reseller for someone else's products?

Page 46
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10953527

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.

So 17 Billion shares later.....and still ZERO current Nanotechnology?

Is Mphase simply a reseller of ordinary Zero Nanotechnology battery chargers?