Bowmo Inc (BOMO)

[doogdilinger]

Mondays PR and Tuesdays CEO Blog both clearly/emphatically state "no reverse split" at this time! And because the CEO's so adamant that there's no reverse split planned yet, it looks like we have an optimal window of opportunity in the final Q of 2018 to get UHLN back up to a far more deserved valuation level based entirely on their proven valuation metrics in their fully audited financials!

The only way the CEO could get the S1 financing commitment at a -15% discount was to have the SEC attorneys put that reverse backup plan language into the SEC S1 filing ok! But the CEO told everyone in Mondays PR and Tuesdays CEO blog straight up that his goal and hope is that the market recognizes how grossly depressed the current market cap is and an uptrend begins now through end of year right into pennyland so he can apply for an uplisting to the QB exchange and register with the SEC to make the S1 effective to kick off the new year. And as long as the share price is trading above a penny by end of year no reverse split will be required ok. As already mentioned, they have fully audited financials from PCAOB registered auditors...so their $7M in assets and $2M per year revenue run rate with only 925M O/S does mean that value wise they should be trading north of a penny...and that's with no sector multiples applied whatsoever.

The reason they got sold down into the triple zeros and started bottoming/reversing last week was due to approx. 276M noteholder dilution shares that started in May and lasted right through last Thursday ok!

From all the CEO's straight talk words this week however, it appears that his plan now is to let the stock begin uptrending and hopefully get to a deserved valuation at or above a penny, then apply for a QB listing at end of year. And if for whatever reason the stock doesn't get up to a much higher pennyland valuation by years end...only then will he be forced to do a r/s at whatever ratio is required at that time to have a plus penny share price to qualify for a QB exchange listing and file with the SEC to make the -15% discount now registered S1 friendly financing commitment "effective".

But filing any ratio of a reverse split is a very time consuming process for a full reporting SEC filing OTC company that requires a shareholder proxy vote being mailed to all shareholder's of record as the very 1st step in the lengthy process. So even if a worst case r/s scenario comes b4 the end of this year...shareholders will be the very 1st to know it, and they'll have at least 40 days notice to base their decisions on what market cap UHLN/CRUZANI is trading at at that time glty!