Let me help you understand what is going on in the background. This CEO had the same position with a previous company, selling the exact same product. In the two years he was CEO, the company sold at most, a couple thousand dollars of that product. He makes wild claims of e-commerce sites and dealer sales successes, and after the first year 2013, stops all annual fins reporting. By piecing together quarterly reports and subsequent managerial comment, his revs in 2014 were less than $1000 and 0 in 2015. In April 2015, he approved a reverse split of company shares- 800 shares became 1 share. He resigned his position in September 2015 and started up at ON*CI in March 2016. In reviewing the ON*CI 10/31/16 annual fins, the company stated there were 0 revenues for 2016, despite Stevie's tenure for six months. Now the sales for Stevie on DD products are 0 for 2013,
less than $1000 for 2014, 0 for 2015, 0 up to 10/31/16. All of a sudden, and after expiration of his non compete, $55,000 of sales shows up in the following quarterly report. After 4 years of annual reports during his tenures (2013,2014,2015,2016) with less than $1000 in sales, $55,000 in sales shows up in ONE quarter. And it doesnt stop there. In the year following 10/31/2016, $1.6 million in sales shows up undocumented by third parties, when less than $1000 was sold in the previous 4 years. Now there is suspicious evidence of an audit to verify these unconfirmed sales, which was cancelled at the last minute, for equally suspicious reasons. And finally the FMS/Cogosense caper I described earlier.
This is the background in which our Stevie operates. Of course IMO with publically accessable facts available.
