Lets take a look at how good Management is and how "sound" the Cloudpets "idea" was:
Scam company STOY spent over $1.0 million and more than 2 years developing the Cloudpets toy
in addition, a whopping $10 million was spent in 2015 by STOY's distribution partners to market, advertise and promote the Cloudpets toy.
The result?
Scam company lost millions of dollars on Cloudpets and has now COMPLETELY stopped with the project after it realized that it cannot be involved with Cloudpets, under any circumstance, due to how unprofitable it is for STOY, as demand by consumers has been so low that large orders were cancelled by STOY's distribution partners leading to only about 400,000 Cloudpets, out of the 1.3 million claimed by STOY, actually shipped to retailers.
Turns out that STOY fraudulently booked at least $1.3 million in revenues that will never be collected and even its distributor is not communicating with STOY or even providing an accounting of the Cloudpets toys.....
Yes, STOY's Management and its "ideas" are not sound and can be pretty much be described as a total disaster, based on its experience with its flagship product, the Cloudpets toy.
regarding access to capital, STOY, just like other scam companies with no business plans that appear to make money, has been forced to be financed by off-shore Toxic Funders using Deep Discount Toxic Death Spiral Convertible Notes, that, just like other scam companies, will cause the STOY stock price to DROP to below penny levels as tens of millions of freely trading STOY shares are sold into the market by these Toxic Funders.
Furthermore, lets talk about this "management" that had a CFO, up to a year ago, that was charged with fraud by the DOJ, hired a convicted felon to promote the stock and has been among the most actively promoted stocks in the market, something reserved mostly for scam stocks.
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