I'll entertain your questions as these have been asked and answered before. Of course I'm sure holes will be poked, but I'm on duty and bored anyways.... So here goes.
1) Kent just took over TDEY. Cleaning up the past has not been easy. Eddie Vakser is a slimball and Kent has been having quite the time gathering old paperwork/financials that we're nonexistent prior to him showing up.
2) the update is in October after they retired shares the O/S was well over 7bn prior to what we have now. We are at 5.4bn right now and that was an accomplishment many of us longs we're glad about. Kent has said in emails to various shareholders that he is building shareholder value and cleaning up the SS.
3) they are not late with any reports. They are not a full SEC reporting company. They are not required to say anything. However first Kent provided us with a sneak peek of the numbers and then edited it with with the accountant did. Of course he got scrutiny for this and learned to not do it again. This is Kent's first public company and was looking out for the shareholders. Of course there are those here that tried to spin in their way.
4) the SS is absolutely important and I agree. Right now there are 5.4bn shares outstanding. The CEO has none. There are no notes. Between many longs here I have counted up 2.2bn with longs. So I'm sure there isn't many more people that have large amounts as that 2.2bn is just between 5 people..... If Kent does another reduction it could be huge for the movement of this stock.
5) as far as the license fee, I'm not sure. I think this next balance sheet will be more detailed and correct. Kent was dealing with past TDEY information with the last report. This next report has nothing to do with Eddie's past venture.
At the end of the day, it's your DD. Many of us here are convinced that this is a good thing. The past is irrelevant because we have the three P's..... People, Product, and Process.
Kent has a network established that has allowed him to get into many doors. There are many contracts signed at this point. It's all about training to get the process set. I do believe we will see the results of the contracts more on these financials.
AFLAC and American Fidelity are not chump companies. They are well known and would not have their name smeared in a stinky pinky company if this were a scam. Even when people were saying the contracts were fake many of us contacted these companies along with Lucient Health to confirm they are true.
But I'll tell you what, DON'T buy.... There are plenty of longs buying. If you don't trust the DD just watch. This is not a sale, this is what I know and all in my opinion. Good luck in your collection of intelligence here.
Re: Brooksda Post# 169413
Thanks for the info but there seems to be no update from those figures. I found lots of different info when looking. On this page for example up top, also in the release in Oct they talk about retiring over a 1 billion shares was not sure if he Oct numbers were before this or if this happened yet.
Also are they late with a report or an 8-K to clarify shares and the results of the cleanup?
Why would the transfer agent have a gag order? is that even true?
Although this company has had a difficult past I understand this type of business well as a friend of mine built a platform for small business benefits and it is a huge potential business.But what matters here is the share structure and making sure past sources of lack of credibility are really gone.
As you can see the last financial statement, at least the one I saw is not even in balance and has some issues. has that been cleaned up somewhere? Also the licensing fee, do we know the period that covers? Just because you get money in does not mean it is all revenue/income in that period.
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