I agree and kudos!
IMHO consulting was the surprise, although not a good one...on the surface, it is a telling development. It means they are gung-ho on EVIO. Costa Mesa (plus spokes in So Cal), Middle US, revs from Massachusetts, revs from Florida...
We all harp about the difficulties of toxic financing and the extremely strenuous task of receiving accreditations. But that is life. The pesticide machine is the final domino, the last systems check before what I believe is a blast off. This q, which you correctly called at flat, is proof that the model is sustainable, and profitable. When machine is live we keep 256k in lost op cost, and potentially reap in 256k from other non accredited labs... We have DD in the board above that shows this, plus two other things:
1) other than Steep, which I can't trade, EVIO has a head start with labs in OR and CA. Do sierras DD, weed maps, and see which labs have the specific ISO requirement. Count em lol..
2) the market is growing. The harvest IMHO will be ginormous this year for EVIO labs. More growers, more extractors, more dispensaries means more labs and more tests for us..q show steady rise all year in testing revs, even summer! Which means that even before the influx of harvest, our testing model is increasing revs... We can see loss growing too, FOR NOW, because we have more tests that need pesticide outsource....
Q shows that WW wiped the old Toxic debt, minus the note holder that has elected to keep his shares rather than convert...
"Note holder 3
On September 19, 2016, the Company sold and issued a Convertible Promissory Note to an unrelated party, for the principal amount of $76,650 of which $6,650 was an original issue discount and $7,000 was paid to a third party on our behalf resulting in cash proceeds to the Company of $63,000 pursuant to the terms of a Securities Purchase Agreement of even date therewith. The Note, together with accrued interest at the annual rate of 8%, is due on May 19, 2017. The Note is convertible into the Company's common stock commencing from the date of issuance at a conversion price equal to 55% of the lowest trade price of the Company's common stock for the twenty prior trading days including the date of conversion. The Company may prepay the note during the first 180 days it is outstanding at a rate of 115% of the outstanding principal amount during the first 90 days from issuance and 135% of the principal amount during the next 90 days. The note may not be prepaid without the consent of the noteholder after 180 days. During the nine months ended June 30, 2017, the noteholder elected to convert $25,000 of outstanding principal in exchange for $4,807,692 shares of common stock. There was $51,650 and $76,650 of principal and $4,771 and $185 of accrued interest due at June 30, 2017 and September 30, 2016, respectively."
New debt WW has stated will most likely, most hopefully, be wiped out after Split, AS, new Financial backing, etc.. I haven't forgotten the path. IMHO neither has WW.
;)
