InvestorsHub Logo
Post# of 112654
Next 10
Followers 95
Posts 11590
Boards Moderated 0
Alias Born 12/27/2011

Re: BubbaInSC post# 89715

Tuesday, 10/17/2017 10:54:21 PM

Tuesday, October 17, 2017 10:54:21 PM

Post# of 112654

RFLMAO - yes, it was an EXISTING operation - and they bought it April 1, 2017.

So, again, explain why revenues for 420CR(APP) = $0



LMAO Wrong again Bubs. From the 10-K...

mCig FY17 10-K

In a major transaction, the Company acquired the 420 Cloud software environment which includes, 420 Cloud mobile, 420 Cloud browser, 420 Cloud API, 420 single sign-on mobile wallet, 420 job search, Weedistry, Ehesive, 420 cue, 420 wise guy, and Palm weed. At the end of the fiscal year the software was still in development. The Company launched 420 cloud mobile on April 20, 2017.



APO Holdings, LLC

On March 31, 2017 the Company acquired software code for a cloud based social media platform to be known as 420Cloud. The Company considers the acquisition of 420Cloud as a purchase of an asset, not a business. In this particular acquisition, we acquired software code and supporting functions for five different software packages that had not been finalized, marketed, and launched at the time of acquisition. The Company expects to continue to expend a significant amount of time and capital to further develop the software. At the time of acquisition, the assets have no operational income and could not generate revenue without major consideration and effort by the Company.



Debunked once more! ROTFLMAO

Les