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Tuesday, November 14, 2017 3:05:52 PM
The financials have been filed. I expect the full "Basic Disclosure" Report to be filed later. The results are even worse than the $500K low-end estimate I posted last night.
There was only $183.6K in product revenue, $128.6K in restauarant revenue, and $10K from commissions, for a total of $322.2K.
The Operating loss was $272K, and Moran is reporting a weighted average of common shares of 2.8B. The OS to be reported in the Basic Disclosure will be higher.
During 3Q/17, Dewmar issued $354.1K in notes payable, but apparently used most that fresh, new cash during the quarter.
http://www.otcmarkets.com/financialReportViewer?symbol=DEWM&id=182443
I'll add some numbers and analysis in a later post, once the "Basic" is filed.
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Detective Robert Thorn: Telling uncomfortable truths since 2022
DRT is Charleton Heston's character in the 1973 movie, Soylent Green, set in the year 2022, and is not my real name
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