Beam Global (BEEM)

[RNsidersbuying]

Pitiful report! How did they produce a smaller revenue than last year with this year's additional NYC and Cooke County orders? And this:

14. SUBSEQUENT EVENTS

Subsequent to September 30, 2017, pursuant to a private placement, the Company issued to six investors a total of 5,566,667 shares of common stock for cash at $0.15 per share or $835,000. The Company incurred $34,800 of capital raising fees that were paid in cash and charged to additional paid-in capital. Related to these sales, the Company is further obligated to issue 145,000 warrants as an offering cost to a third party, each with a 5 year term and a strike price of $0.15 per share, at the close of the private placement offering. There will be no accounting effect for the issuance of these warrants as their fair value will be charged to additional paid-in-capital as an offering cost and offset by a credit to additional paid-in-capital for their fair value when issuing these warrants.

I sold off a bunch this morning before these guys do? Holding a small position now only because of the product potential