Yep. It's a coin toss right now. We will know by the end of June though as to whether Mountains is a go or a smoke screen. It's too bad that Tom has not been forthcoming with any positive news about production. All we have are the results of his last three financial statements emblazoned with the words "Record Financial Results":
Nov ’15 (3rd quarter):
$48,933 in 3rd quarter revenue.
$14,708 net earnings
$2,795,860 Shareholder Equity
Mar ‘16 (Annual)
$98,792 (2 quarters of revenue)
$49,859 in 4th quarter revenue ($926 gain)
$2,730,447 Shareholder Equity ($65,413 loss from prev. quarter)
May ’16 (1st quarter)
$45,879 in 1st quarter revenue. ($3,980 loss from prev. quarter)
$6.968 net earnings (before taxes, interest, etc.)
$2,726,129 Shareholder Equity ($4,318 loss from prev. quarter)
Do you see “record financial results” or a declining valuation over three successive quarters? It's no wonder he did an RS.
Few would have sold after the RS if he would have given us updates on Mountains, New Broadway Cinema, and the VOD Search engine.
I now believe that his zero communication method was carefully orchestrated to do exactly what it has for his own purposes. So if Mountains is successful, anyone who buys in between where it is now and however far down it goes will make a nice profit if it goes back up to .05. Actually though, the value of the pps is right about where it should be at .005 after he added 10x more common shares to the issued after the RS. That means an initial value of .05 (that was based on an Issued of around 10 million) was 10x more than it should have been when he dumped another 100 million into the issued, and now we are seeing the inevitability of the pps plunge.
