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I hope you realize that circular file is slang for trash can lol. I think you meant circular trading which would still be used in the wrong context
There was some dilution contributing but the majority of the revenue came through loans
IMO they will try and paint the revenue with either more toxic loans or by issuing more stock
That's fair enough. It didn't take a gypsy to predict this outcome
Do you know if this timeframe can be extended with the filing of a form NT 10-Q after the 45 day grace period? If so we may not see financials until mid December which should raise even more red flags.
Better than AAPL? Is that what this insider research told you. Sorry I forgot to put all caps on...
Link?
Personally I don trust it. I want to see someone post proof of their transaction. 50 people wrote a review about how good it is and how easy it is to use... Take a screen shot or something and post it
Nobody really knows. Sorry but you have to take what Ed says on Facebook with a grain of salt
If they are released today, It will be around 5 pacific
That would be a mistake since the Q will more than likely be NT
I've checked the site a couple times now. Trust me, I'm watching closely
I'm still waiting for one of these shareholders that wrote such positive reviews for the app on the App Store to show us that they actually used it and it works
I predict a NT 10-q
And what is that supposed to mean?
Hard to do worse than -377k after taking out a 577k toxic loan
This sounds like conjuncture and speculation
Key word independent. I'm an independent, does that make me a reliable source?
Last quarter they made 600k in revenue and spend 987k in operating costs leaving 387k in debt. Not to mention 577k of that 600k was in the form of a toxic debt from TCA
Maybe in penny stocks. Big board investing has a little more research to reward behind it
R/S is almost never a good thing
I agree with the risk and reward. That's why I'm here. I like the gamble side of it and if the cards are played well enough, there is an opportunity to seize an upcoming market. However, I still find that it is a little premature technologically. Did you know that a credit card thieves can now steal your credit card info by simply putting their phone near yours? They use the same NFC technology
First off you can never use the words "ever" and "only". That makes it a generalization. Second off merchants aren't the ones that get to choose how they pay, the consumer is. So instead of betting on merchants "love of money" how about to start by a more reasonable goal and bet on ease of use or something along those lines. Third of all, do you forget about big companies trying to get into mobile payments? They will steal the market away. And finally, nothing that has been said to happen has actually happened other than the apps and yet there is still no proof of transactions...
That's what we call biased
Then you would have to agree that Ed is taking more money than he has the ability to pay back. That's not a positive thing
600k revenue on an operating cost of 987k. Seriously do you even read these financials or are you just arguing to argue?
Look at it as a right now point of view. 4+ billion shares trading over a cent for a company that not only isn't generating revenue but is taking out toxic debt loans. Africa deal sounds great and all but truth of the matter is it still hasn't happened and there is no revenue to pay off the debt. In other words SS will continue to increase as Ed will need a way to pay off this debt. Either he sells shares, or he takes an even heavy debt to pay off existing debt
The fundamentals of this company are just terrible. Luckily for shareholders, stocks trade at what they are believed to be worth...
The floor isn't set until .0001
Fair enough. If you look at it like that then I guess that's a good thing. It means there is something to fear
That's a good thing. The fact that you think that competitors are the ones here with a negative connotation is laughable. Why? They haven't even managed to account for any revenue yet. Competitors are not wasting their time. We are traders just like you. This is the scammers market though so you have to tred carefully
Constant misdirection. It's almost like he's building a secret fallout shelter with all this revenue nobody sees
Potential doesn't matter much if there is 5 billion shares. Besides the company is in a toxic debt with TCA and everything the CEO has claimed has been false other than the app itself but still he manages to sway investors with false hope. The only revenue Ed has generated in years in from t-shirt sales... He hides his debt by claiming he's selling rights to his product but these companies never receive a working product and don't get paid back? In addition, the CEO is "paying" employees in shares which means the share structure is only going to get worse. In other words R/S is in the works. Then to top the icing with the cake, his fillings aren't even looked over... You can tell this because he can't even spell his address right. "Ed dorado" isn't a place and is the first thing you see appear many times. Sorry but this is a scam to recycle shares and to hide the money under various other names
This company is far too toxic to do anything good. Debt on debt at shareholders expense
Because hope is a powerful tool
Why would those two things have any correlation at all?
I'll use Venmo before I use this app. Venmo is free
Averaging down = losing money....
Incredible from the discredible
Been saying that for a while. They still dig through the dumps for apple cores to eat. Besides... Where would they even want to use the app. Most of them don't even have smart phones lol