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It seems that 40million in "debt" will soon be gone.
The acquisition of Poolworks (Germany) Ltd. includes an accounts payable balance of $40,574,273 to a former owner along with accrued interest. Although the liability was assumed in the transaction, we are evaluating options including debt forgiveness or renegotiation and capital contributions relative to this debt. Accordingly, Momentous took the position that an asset of $40,574,273 was acquired in the form of goodwill but that the value is unsustainable and therefor immediately expense it as an asset impairment.
Operations recorded through the business combination of Poolworks (Germany) Ltd. from February 8, 2017 through March 31, 2017 are as follows:
Revenue
$
33,058
Other Income
166
Total Revenue
$
33,224
Costs of Goods Sold:
Web Server Costs
$
15,363
Gross profit
$
17,861
Administrative Costs:
Payroll
38,038
Office
4,438
Accounting fees
655
Rent
4,872
Travel
1,024
Currency Translation
(78)
Total Operating Costs
$
48,949
Net Loss
$
(31,088)
Yeah but with virtually no volume and then it dropped and kept dropping. Again I believe it could get out of sub pennies and hey .25 would be great. But say you had 20million.. You are expectimg to make 5 million dollars off of this? Or the equivalent to whatever amount of shares you hold @.25, that is a lot of money man. That woukd be awesome for you and well for me too but I honestly think you are really just invested in this so much that it might be clouding your thoughts a tad bit. No offence, I hope you are right and I wrong and that it goes to .25 but it is this low for a reason and would definitley some good revenue to pull itslef out. I have stocks that only pull in a few million a year and are sitting below .25
Hey the Vzsnetwork mobile app on playstore can be found by typing in meinvz into the search bar. It has 500k downloads but poor reviews. It is also all in German and hasn't been uodated aince 2011. Is there anyway somebody can make an account who understands german and can see if there is anything streaming that involves momentous? or if their is actually a subscription like the one momentous mentioned before
Why do you think it will be a nickle or higher? And ehy do you write with these _ between everyword?
Hahaha yeah I meant good. now I see why fox kept saying things about food network. I didn't realize that I wrote food.
No it hasn't deterred me one bit. Like I said before I'm in for the long haul. I just want to make sure the show hasn't been cancelled or that bobby dale hasn't changed his mind about it. Could that be why Kurt removed it?
They haven't released a piece of film for it since 2016 though. And the footage they did have was short and shabby. I hope they are still recording it and that it gets released on a food network
Cool. Thank you
Is there anyway that we can verify that there is in fact a documentary being ahot on bobby dale still? There hasn't been an update on it has there?
I'm just wondering if they are bidding against other potential buyersa
What is the likelihood of blackfox and neurofuse being acquired?
Thanks anyway I can see this BOB?
What is VNDM?
Again... What is the BOB
Ahhh I'd like a one way ticket to hangover island
Right on. Trying to flip this for a minor jump is idiotic. You could make more bartending for a weekend
Man i'm jealous you all have more ahares then me.
Those question marks were supposed to be a smiley face
Good thing I have a ton of patience then ??
What is that?
Yeah it is. I am kicking myself in the ass because I didn't have the 2grand I wanted to ourchase more back when it was @3cent
And what would we get for our shares if that were to ever happen?
Yeah after skimming over most of that 10q it seems like this company has actual potential. No pending legal action, no serious debt. They are just gathering all they need for their first revenue generating year. If they can generate a good amount of revenue this stock will boom up.
Interesting, after reading further down It states that the 40million is due to poolworks being acquired. It is money carried over by poolworks thay was due by them but momentous has gotten goodwill on it. Something like that... Basically they aren't 40million in the hole it seems like it has only to do with shares and the poolworks being acquired
If you download instagram you will see videos and pictures on Robert Kressas page with the address included
Could you post a link to the financials?
Thanks to all of you. I appreciate the help. I like the way you put that "pennyland" and you are right lots and lots of impatience. I actually have found it much easier to hold these kind of stocks then to try and make a little fraction off a miner rise. So yeah I can sit on this as long as need be
Me too. This stock is going to jump up sooner or later. No doubt about it
After listening to audio update again VK networks is mentioned
NVM I just typed the wrong address
What happened to their website? I can't find it
Cool thanks for taking the time to write that. .02 cent would be nice. It would be nice to have many shares as atina. I am a definite hold on this one, I see no sense in selling it at these low prices.
The whole chimera thing just concerns me a bit because this is new stock territory for me. I'm not quite sure how profitable that can be. However only time will tell.
No I do not know what the 400million you are speaking of is. I see information about that Mob game from Chimera which I might add, only has 7games one in which hasn't had a message posted in 104days. However the article I am reading says it was released on some German VZ network not Vk. I could be wrong or just not have read something that you have. Like I said before i'm holding anyhow seeing I only have 380k shares and got them so cheap
And make close to 2million dollars? Sounds a little bit like wishful thinking. However I am going to hold too. I just don't have as many shares as you
How high are you expecting this to go?
Glad you said something about Bruce. I was just reading about him. So is he still in charge of HEMP? What came of the investigation? And isn't Hemp already Legal in 30states. I apologize for all the questions and I appreciate you taking the time to answer them
I plan on getting this for a long hold. If you cpuld help with with a few questions I would greatly appreciate it.
Why has the stock price dropped so much over the years?
How is it new if the company has been around for quite sometime?
I'm not trying to debate or be negative towards this stock, I just need a few answera before I make a big purchase.
You guys should download instagram. Robert Kressa posts on there often with updates on projects. He Just shared a video of a new delivery coming in. You can see Paul in the video as well
But do you think it is possible? What would you think it would be worth in a year?
Thanks. So do you think it can ever get back to .40?