Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Anybody have any insight into who the Berner Collectibles LLC is???
$10,000 for 500,000,000 shares!!??
On TWO separate occasions????!!!!
Wow! Existing shareholders here are screwed.
Follow the money here. Just who makes up this Berner Collectibles llc????
This post needs to be stickied
Did you even read those 3rd qrt fins?? The moron is still getting concessions here. What a freaking joke! Once again this flip play does NOT look out for shareholders
I didn't state anything other than the company has accumulated deficit of 10+ million. You inferred the rest in your replies, but accumulated debt sure doesn't bode well for shareholders.
Accumulated losses over several periods or years could result in a negative shareholders' equity. Within the shareholders' equity section of the balance sheet, retained earnings are the balance left over from profits, or net income, that is set aside to be used to pay dividends, reduce debt, or reinvest in the company.
It's not trickery at all. It's right in the company's UNAUDITED financials. Would you like me to post the link again? I don't make facts up.
This company is bleeding money and will continue bleeding imo if all they have to sell are kush cakes, there is no way pps will sustain any gains here with just that product as their only cash revenue stream.
Lmao. Really going to compare a stinky pink flip play CEO with Trump or Wynn??
Gltu. It's like clockwork with this ticker. When ppl scream buy buy buy, then that means all the flippers have bought their core shares and looking to unload on new eyes in here. Smh
You mean these guys took over?
https://businessbankruptcies.com/cases/westrock-group-inc
Fact - 10+ million accumulated deficit. Only way out is dilution or more toxic notes. No way that dewmar ONLY product kush cakes sales can overcome that kind of debt
Like I stated. Old recycled news.
https://ceo.ca/@nasdaq/dewmar-international-bmc-inc-dewm-signs-agreement
Tic toc. Let's see what shady attorney has the balls to sign a letter here
It may have been recycled 2 days ago, but the ppl that have been around here awhile know we have heard this same exact thing in a previous a year or so ago. I'm golfing so don't have to to look it up at the moment
Yes it is old news from when the moron was ceo
That ship has sailed this go around! After all the excitement of pr's and what not is over, that price will probably return once the reality of how bad financially this company is in and all the ppl that know how to flip this play are out. Patience always works best here
Nah. Not time to get on board, that was around .0006 or lower for this go around. Its actually close to getting off board and wait to rinse and repeat the dewm flip cylce. Free shares would be only comfy way to ride higher here.
I'm going to continue to dig at the fraud that went on here until the moron sees the inside of a jail cell. While doing that I'll enjoy the flips that occur here. Gltu
I think you are definitely on the right track. Gltu
This might put you on track to what you are looking for.
"Operating expenses for the off s period ended December 31, 2018 were $3,919,419 compared to $815,228 during the same period ended December 31, 2018. The significant increase in expenses is attributable to approximately $3,000,000 in write of accounts receivable at the Company’s HWRC subsid HWRC is because HWRC invested in a series of healthcareiary . The reason for th e high level of writeoffs at related business enterprises that failed to perform financially within the industry. clinic Many of these investments included loans to individuals who owned pharmacies, s, medical equipment and such whose businesses failed to generate enough revenue to remain open and viable entities."
If not I apologize. I'm still researching all of the fraudulent stuff that went on while moron was CEO, so can better assess what has been cleaned up going forward.
Unaudited financials have bee hitting. They are on otc site
Flip the hell out of this thing while the iron is hot. Money to made for sure with unsuspecting newbies at the moment. But ppl claiming pennies here is ridiculous with the deficit the moron has created and the awful financials. Better take any gains while you can cause when the ppl that been here awhile start screaming buy you can bet it's when the profit taking selling has begun. This play has been and always will be a flip play only imo. Gltu
Moran is still around for sure.
"As of June 30, 2019, and December 31, 2018, the Company had non-interest bearing notes payable to our former chief executive officer amounting to $250,000 and $250,000 respectively."
Imo way more money to flow moron's way.
A CEO of a company laundered fraudulent money through said company. The company benefited from those ill gotten gains from that money. You are trying to say that just because the CEO is no longer at that company, the company isn't liable for any of the fraud that happened while the CEO was employed there???? What, are we playing with make believe monopoly money and the game just starts over with new players???? Why won't any audit firms touch this company???? Hmmmmmm
https://politisippi.com/dewmar-inc-ceo-marco-moran-funneled-6-million-from-the-cream-scheme-through-a-publicly-traded-corporation/
Usually won't find that associated with every pinky company out there. But definitely will find the stink following this play here at DEWM
"Based on the Company’s current financial projections, it believes it does not have sufficient existing cash resources to fund its current operations."
Net LOSS $77,511 for the 3 months ended June 30, 2019.
Net cash provided by (used in) operating activities - NEGATIVE $63,204 for the six months ended June 30, 2019
This company looks to be sinking hard without diluting shares or taking out new toxic notes.
$10+ million deficit is nothing??? For a company that pulls in paltry sales from one product? $35,090 cost of goods sold with a gross margin of $23,627 for 3 months ending March 31,2019??? Good luck spreading that amongst the sea of shares out there! How many notes payable are left out there and how many more will there be in the future?
It's in the fins. That Loss is just for the 3 months prior. Things are even worse if you add in all the shares out there. You can call it b/s all you want but the stats are straight from the UNAUDITED fins.
$10,261,979 - accumulated DEFICIT.
$47,599 - Net LOSS continuing operations.
I smell heavy, heavy dilution
For potential new buyers here. Some info that the new CEO has yet to address that has gone with this ticker.
https://hattiesburgpatriot.com/dewmar-inc-ceo-marco-moran-funneled-money-from-the-cream-scheme-through-a-publicly-traded-corporation/
I wonder how many more of these will hit the books?
" As of March 31, 2019, and December 31, 2018, the Company had non-interest bearing notes payable to our former chief executive officer amounting to $250,000 and $250,000 respectively. "
There is no way to tell exactly what Marco was compensated since there was a Confidential Executive Separation Agreement signed.
Accumulated deficit $10,261,970! I don't see that bringing pennies to the share price
As of December 31, 2018, and 2017, the Company had authorized 50,000,000 shares of preferred stock of which 50,000 shares were outstanding. Additionally, the Company had 4,450,000,000 shares of common stock authorized, of which 2,933,552,401 were outstanding
Thank fraud in chief moran for this one:
Operating Expenses Operating expenses for the off s period ended December 31, 2018 were $3,919,419 compared to $815,228 during the same period ended December 31, 2018. The significant increase in expenses is attributable to approximately $3,000,000 in write of accounts receivable at the Company’s HWRC subsid HWRC is because HWRC invested in a series of healthcareiary . The reason for th e high level of writeoffs at related business enterprises that failed to perform financially within the industry. clinic Many of these investments included loans to individuals who owned pharmacies, s, medical equipment and such whose businesses failed to generate enough revenue to remain open and viable entities.
Well with penny stocks this type of thing usually points to the "company" diluting shares to make the "company" money. Not very shareholder friendly wouldn't you agree?
The significant increase in cost goods sold for the 2018 period is attributable to the discontinuation of the relaxation beverage and the write-off of inventory associated with that product and other products in development.
Uh oh. What are they gonna sell now for revenue???
NOTE 3 – GOING CONCERN AND LIQUIDITY As of December 31, 2019, and December 31, 2018, the Company had $7,687 and $223,551 in cash on hand respectively and for the years ended December 31, 2018, and 2017, the Company recorded revenues of $463,204 and $809,550 respectively. Additionally, as of December 31, 2018, the Company had a working capital deficit of $2,980,133; and negative stockholders equity of $(2,980,133). These financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the settlement of liabilities and commitments in the normal course of business. Based on the Company’s current financial projections, it believes it does not have sufficient existing cash resources to fund its current operations. It is the Company’s current intention to raise debt and/or equity financing to fund ongoing operating expenses. There is no assurance that these events will be satisfactorily completed or at terms acceptable to the Company. Any issuance of equity securities, if accomplished, could cause substantial dilution to existing stockholders. Any failure by the Company to successfully implement these plans would have a material adverse effect on its business, including the possible inability to continue operations.
Wow. Those unaudited financials were awful. $3,000,000 loss went to HRWC? Dewmar no longer sells LSMP? Company will have to dilute shares to stay alive? Etc
What in the world does dewmar offer to produce revenue here????
No way the financial part has been dealt with here. Show where it's been captured in the financials through dewm subsidiary. I'll wait
I'm curious to see how any financials dances are the medworx fraud that is tied to moran and dewmar
Apparently that's not what these boards are about anymore.
I agree!
Lmao! Nasdaq??? Are you guys for real??