Did you even read it?
Let me point out a few things; im neither a pumper or a basher. I simply state facts.
Lets get started. 2016 revenue = 166346
2017 revenue = 471696 300% increase! How many companies post an increase in revenue of 3x? And that is with bitcoin spending the first 8 months of 2017 under 5k. What if they do 3x again? Point is stocks are supposed to be forward looking.
The company as of Dec 31 2017 operates a website called Bitcoinbasic.com. Who knows what kind of revenue could be generated from it. I just didnt know they had it, and thought it would be good to point it out.
On top of the $483,000 of cash they have, if you actually read the filing you would see they also hold $817,000 of bitcoin and $158,000 of monero. Which is interesting because they did not list it as an asset which could mean the 480k revenue MAY have been from other areas of their business. Apparently they develop software-- maybe revenue from that.? Its unclear.
Lastly, and this is how i really know you didnt read the filing, Mr Joel Schneider is not the CEO! The CEO named at the bottom of the filing is Richard Fasanella. Dont know why this is, but its there go take a look.!
So is it a scam? Doubtful. It looks like this company is definately on the right track at the least. GLTYA
