iEntertainment Network (IENT)

[350zdude12]

2k raised to date.

8% interest rate seems high

asking for 3 mil.

the pitch is terrible.

Things to note

5 employees/ 43 contractors.

The Company has incurred losses from inception of approximately $49,151,306. For the Financial Year ended 2016, the Company received revenues of $164,063, and experienced a net loss of $627,678, and for the Financial Year ended 2017, the Company received revenues of $150,944, and experienced a loss of $352,483.

The Offering proceeds will have a beneficial effect on our liquidity, as we have approximately $17,605 in cash on hand as of January 31, 2018 which will be augmented by the Offering proceeds and used to execute our business strategy.

Bleeding money releasing crappy games and they release this tidbit:

" For 2019, iMagic Games' premier 3D combat flight simulator will be updated with new graphics, new combat scenarios, and new Virtual Reality versions will be released. While we believe these new V/R versions will be very impressive to view, they will mostly be a marketing opportunity with most of revenues coming from traditional devices and graphic systems including mobile, computer, and console systems."

Are you kidding me. The current gen games are that bad they want to jump into "VR" with no money.

As someone who has held on to this turd for way to long I can't believe they actually submitted this. I'm just waiting for my 1m+ shares to become worthless anyday now.

https://www.seedinvest.com/imagicgames/seed/market