CarbonMeta Technologies Inc (COWI)

[golfer123]

LS is so full of crap with this shareholder update:

he states that they've restructured their robotics division yet if you read the 10K and 10Q you'll see that 99+% of their revenues are from one company (i.e. Microsoft)and all of that revenue is from offering consulting services. COWI has no stake in Hololens besides the fact that they have consultants working on the project.

There is no revenue whatsoever from any other company and certainly no revenue from their so called "robotics" division

Also the part about the non-recurring charges for accounting, legal and marketing costs - is he planning on not paying for accounting and legal fees in the future??

The best part is the debt restructuring - all he does is roll the accrued interest into new notes or new issues of preferred stock which still convert into common thereby perpetuating the vicious cycle he's stuck in. Not only is he restructuring the debt he doesn't have the cash flow to even pay his employees, he's been paying them with preferred stock which they convert into common immediately since most landlords, grocery stores, etc will not accept COWI shares as a form of legal tender.

Basically anyone who thinks this will change in the next 18 months or 18 years is dreaming or delusional, this company will never show profitability or generate the cash flow necessary to extinguish the debt and will continue to RS and drop back to no bid and it has in the past.