Followers | 168 |
Posts | 17825 |
Boards Moderated | 3 |
Alias Born | 11/29/2010 |
Monday, August 21, 2017 12:44:14 PM
Page 2-- 97,500 "C" shares have been issued. Those convert into nearly a BILLION common (975 million). The recipients are named on pages 4-5. Recipients 6, 7 and 8 received a total of 62 million >>NON RESTRICTED<< shares on April 1st. Those apparently were instantly convertible into 620 Million common.
Page 5-6-- Cash is down 90% since December to $561. Based on the burn rate a/o 6/31/17 the company could be overdrawn by now.
Trade receivables fell by a factor of more than 5.
Inventory mysteriously vanished.
Intangible Assets and Goodwill-- arbitrarily valued at $60k= window dressing to inflate financials IMO.
General & Administrative--IMO this dropped by over half largely because questions were raised whether Alper was billing the company for rent and utilities on their personal residential condo (called a "Suite" instead of an apartment or condo). After this issue was raised by me here, Alper addressed it during his conference call saying BLDV leased space in his home for "$1 per year." An audit would determine if that had been the case all along or not. Also, is this where all of Alper's travel expenses are buried?
GROSS Revenues-- fell by 86% since December
NET Income-- fell by 81% to $26,264!!! ($8,785/mo). Where are the revenues from Cannabis-Clean, Bettey Bot Bakery, Old Mystic Vodka, MediMints, ZENO, consulting, etccccc?????
Pages 10-11-- BLDV entered into two debt obligations totaling $48k+ interest...each convertible at .001.
Page 14-- BLDV did not move to Eltron's facilities in July as previously announced. That was hailed by many as a prime reason to buy the stock. It's supposedly going to happen in Q3. For now it remains headquartered in the 850 sq' residential condo in Chicago.
Joshua B Alper remains Chairman, CEO, President, CFO, Secretary and Treasurer and in control of the single "Preferred A Super Vote share." The only directors are his son Jonathan and Steve Morrow whose company (Cannabis-Clean) BLDV owns. So there are no checks on Alper's power or backup should he suddenly become incapacitated.
My "opinion" is as valid as your "hearsay"
NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • NNVC • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM
Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • BLO • Apr 30, 2024 8:53 AM
Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM