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You're right. He's giving them away for free and those people are selling.
There would be plenty of opportunity to make something back if you could find a broker that would let you short this share selling scam. Short it all the way down to no-bid and then buy it back at $.0001.
Not sure what good that would have done. The only people actually looking for a Koma Finder update are people on this board. It doesn't matter what he changes the A/S to because he can raise it any time he wants without the need for shareholder approval. No matter what the number says, A/S is UNLIMITED.
Ruh roh! About to drop below $.003. Any guesses on how long before it goes to no-bid?
Again, 2 products does qualify as "Multi" so if that makes investors happy then more power to them.
Well, I guess it's hard to argue with that logic. It is indeed revenue, even if it's less than 15% of the revenue that the company has been forecasting.
I voted against the increase in AS. Not that it matters since I hold such a small number of shares, but it felt good anyways.
It's available at 7 Eleven down the street from me in Texas, as is Purple Stuff. No KU though, suprisingly.
IMO, there is never a good buying opportunity in a share selling scam company.
Again, nobody except penny stock investors are buying this stuff off of the internet.
I believe there was a PR about Koma being placed in truck stops along the east coast, which of course never happened, but I don't think it was explicitly marketed to truckers. However, if you're trying to get your relaxation beverage placed in places that truckers frequent, then the target market is inferred.
450K from 5 months of Wordsmart and 3 months of MDHI is undeniably disappointing, especially since Wordsmart alone was expected to bring in $12 million in revenue this year.
It's time to show the numbers YESD. Let's see the REVENUE, REVENUE, REVENUE.
If I understand the PR correctly, and I believe I do, then this is an additional feature that will be added to the existing product line. If that's the case, then a 510k will not be an option because it will still be a PEMF device as well, so unless they get it approved via De Novo or PMA there is nothing to list as a predicate device on a 510k.
So, they still have the same problem they've had for the last 2+ years, and that's convincing the FDA to approve PEMF for OTC distribution.
That sounds great, except for the fact that KU is still unavailable anywhere except for the internet, and Drank is sold in-store. The KU finder is still "coming soon".
And what happened to the rest of the $800K+ in cash they had in December. You certainly can't tell by that joke of a cashflow statement.
LOL. They took down one set because the last page was unreadable, and replaced it with these fuzzy ones. It doesn't matter though because they are completely useless anyways.
Let's start with the fact that the Equity section has been completely excised from the balance sheet.
Then let's discuss that Cost of Goods should be combined with Cost of Sales to create Cost of Goods Sold and subtracted from sales revenue to come up with gross margin. Unless he intended "Cost of sales" to be "Selling Expenses" in which case it should be moved down to the Operating Expenses section.
Then let's again mention that he has completely ignored Income Tax Expenses.
Then let's mention that the Shares Issued for Cash should be under the financing section of the Cash Flow Statement, and shouldn't be included in the Gross Income numbers, but I'm sure they are.
These statements are a travesty and an embarassment to both the company and the individual who prepared them. They need to use some of this net income to hire somebody that has any clue at all about accounting. Seriously, there is so much wrong here that it would be virtually impossible to list it all.
If it were simply about the product, and the product works as well as some claim, then this is probably a good time to pick up shares. It's not that simple however, as a company's success almost always correlates directly to the quality of it's management team and staff. So, I have no opinion on whether or not this company is a buy or sell right now.
I got in back then after the patent was announced around $.02. Rode it up to $.12 and back down to $.065 before losing faith in management and bailing. I don't have any entry point right now until something significant changes, and that would probably mean a complete overhall of the senior management team, or FDA approval. I simply will not gamble on a company in which I don't trust management.
I didn't miss your point, I simply disagree with it. And I'm much more likely to say something I'll regret in person or over the phone than I am to fire it off in an email. Regardless, good luck with your investment.
Yep, I sold in 2009, but it's still on my radar if they ever prove that they are making progress in turning it around. Plus, following pinksheets is entertaining.
Some will find value in the information and some will not. Some will chalk it up to the "human condition" and others will take issue with the way the company treats its shareholders. The point is the information should be out there for each to make their own decision, positive or negative. For me, I don't care how many times you get the same question, lashing out at a shareholder for asking a legitimate question is entirely unacceptable. Ken Lay once called an analyst an a**hole for asking why the company couldn't produce a balance sheet on a conference call. Was that the "human condition?"
Now if Savannah was badgering the company or accusing them of something then I might understand it, but I sincerely doubt that was the case.
Well, it's your email so obviously it's your right to do with it as you will, however I think it is doing a disservice to those who own, or are considering buying, shares of the company. Those who receive positive correspondence will not hesitate to post their information here, and both sides need to be heard for anybody to truly complete their DD on a company. You have posted positive information in the past, so posting negative information doesn't make you a "basher", it makes you fair and impartial, and to me that's what these message boards are all about. Good luck.
Could you do the other board member's a favor and post the content of the email here? It is important for others to know about management's character, as although some will tell you this is an FDA play, you are actually putting your money at risk based on the assumption that:
A) Management is competent and capable of achieving its stated goals
B) Management is honest and acts in the best interest of the common shareholders
Neither of which are true, IMO.
Good luck in your future trading. The only issue I ever had with your modding is that it was always targeted specifically at negative speculation. I never once saw you chide somebody for posting speculation with a positive slant. Regardless, you were fighting a losing battle because speculation is in no way a violation of the ToS, and ToS violations are the only legitimate reasons to remove posts.
Maybe they should try partnering with a company that has actually run a successful DRTV campaign instead of startup run by somebody with no experience in the industry?
I just want somebody to pump this thing for a day so I can get out. My flip is looking like it's turning into a hold until I at least break even. Should have pulled the trigger last week.
10Q is out. Zero revenue for Q1.
Unfortunately it's a bit outside of my daytrip range. Perhaps somebody who lives close could post some pics.
I hope you're right and that the numbers are better than expected. I got in at $.095 for a quick flip and almost pulled the trigger at $.135 on Monday but decided to hold at least until the run before the earnings release. Fingers crossed that I made the right choice.
At no point did I "criticize the messenger". I have no doubt that Color is correctly characterizing what he hears from the CEO when they speak. I criticized the source so it wouldn't make any sense for me to call him when I wouldn't put any stock into what he tells me anyways. That's been my point all along. What the CEO tells shareholders and reality are too often out of sync.
Well, when the CEO has proven to be unreliable in the past then considering him a source of DD is not a very smart investment decision in my opinion.
Here's some previous DD from some of your coversations with Andy:
300 more in addition to the 5000 stores in NYC that already carry it? Does that include the SuperMarket you claimed stocked the product in 2009? Does it include the nationwide pharmacy chain that should already be selling it? Can you please provide us with the list of places to buy KU since we all want to purchase products held by JLO in a video?
It's a shame some cannot Google on their own.
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Steven Millward, China
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I still don't understand what people expect to get out of a call to the CEO. Not just in regards to BIEL, but any OTC traded stock. He's going to paint the company and it's current status in a positive light; that's what he's supposed to do. He can't tell you anything that hasn't been released publicly, otherwise he would be opening himself up for insider trading charges. The only question that's worth asking is, WHERE ARE THE PROMISED FINANCIAL STATEMENTS?
The FDA is going to do what they do, and all he can tell you is "we're responding to all inquiries and hope to receive a decision soon."
Where are those financials?
Aren't most people still waiting on legitimate 2010 numbers?