Wednesday, August 01, 2018 12:21:52 PM
5/25/17 stated they have a $50 million in annual sales goal while releasing their current quarter of $1,038,371 equating to $4.2M annually.
7/17/18 one year later quarterly sales at $948,584 equating to $3.8M annually. (going backwards. how do you get to $50M with only 4 years left now?)
6/28/18 - Ballas issues letter stating they will do more favorable financing going forward. (in 2018 company issued 147 million more in toxic convertible debt at $.001. how is that more favorable financing?)
So increasing dilution with decreasing sales. Increased from 185M shares outstanding to 715M for the 2017. We are now at about 900M o/s. In 2017 issued 484 million in toxic convertible debt at $.001
And you wonder why someone could be concerned for the future without looking at the past. I still think we can hit a home run from here, but only if things are done for the interesst of the company and shareholders. That is all I am asking and wanting.
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