Monday, June 27, 2016 11:45:28 PM
They don't when it involves sourcing people. If COWI disappeared, no sweat. Microsoft can just shift the people that were employed by COWI to a different vendor without missing a beat.
Based on the recent COWI 10-Q, it does look like Coroware is giving Microsoft a discount in order to pump up their revenue which allows them to sell more stock. Sure, revenue doubled quarter over quarter, but the percentage of Gross Profit didn't go up, and operating costs did not decline. There was absolutely no economy of scale, which says COWI was getting business which made no economic sense to take. They were taking on money at a loss just to show more revenue.
Another sure sign that COWI is not a legitimate company and is now really nothing more than an insider enrichment scheme.
Recent COWI News
- Form 15-12G - Securities registration termination [Section 12(g)] • Edgar (US Regulatory) • 07/10/2024 08:38:14 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 05/15/2024 10:20:26 AM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 12/01/2023 09:20:45 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 11/15/2023 09:47:41 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 10/27/2023 12:30:16 PM
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