A month in and the charging stations are still in limbo...not even installed...
“ On June 29, 2018, the Company purchased four BLINK Level 2 - 40” pedestal chargers for permanent placement in a retail location or locations whereby the Company will pay a variable annual fee based on 7% of total revenue per charging unit. The rest of the proceeds will be split 80/20 between the Company and the host location owner or its assignee. The host location owner to will pay for the cost of providing power to these unit as well as installation costs. The Company has not yet secured the location for installation of these units.”
I guess the “revenue” for next quarter will STILL be a big fat ZERO???
After all, they are STILL working feverishly, trying to fix the HerMan container problems, so no “revenue” this quarter!
“as they complete the re-design of the packaging of this product as they have determined that the units are not usable. The Company is still in the process of trying to resolve the packaging issue and cannot determine the impact that it will have on future revenue.”
What a joke.
ROTFLMA0
