Cuentas Inc (CUEN)

[sobe4life]

Normally when a company announces a stock buy back there is an 8K filed with the SEC.

Anyone really think that Mr. Rico wants to highlight this press release to the SEC???

So why isn't it a material event?

Because Robert in his infinite wisdom stacked the deck by making the stock buy back contingent which means it may or may not happen.

If the company doesn't sell any product through their online store then there are no proceeds for the stock buy back. Even then, it is only 10% of the proceeds and let's face it, with the company not having any sales thus far, how much money do we really think is going to go towards a stock buy back?

His little creation is also a significant difference from what we normally see when a company announces that they will do a stock buy back out of cash flow or from cash on hand.

Pleasant Kids has neither of these.

I also find it interesting that he announced the pay off of all his convertible notes. Which leaves a big question...

How does a start-up company with no sales, no working capital and no assets pay for their day to day operations???

How do they pay for their cost of goods?

How do they pay for their outrageous and very generous salaries?

I don't know what Robert is up to but be careful because he is a magician that will magically make your hard earned investment dollars disappear!

That is why you see all these pictures of him in private jets, helicopters, etc.

Yet, he couldn't give you the name of one public company that he has been associated with that was a success.