Bowmo Inc (BOMO)

[Dennisb68]

Did you read the Q3? I showed a small revenue of $81K but it also showed losses of over $2 million. Pretty big for such small revenue. $30 in losses for each $1 in revenue.
The deal with Vitaminfizz that the CEO said to expect around the end of Oct. never happened and not a work in months as to why.
The Q4 may skow added revenue from the restaurant business but as we saw revenue does not mean profit. ESPECIALLY in the restaurant business. Everyone was expecting a huge PR after the RS and when that didn't happen it became a huge PR after the Q4. I'm sure if no PR after the Q4 it will become after the 2019 Q1. Fact is nobody knows if knews is coming at all, or when. We did get a PR last week that was just more of what had already been said and nothing of a Vitaminfizz deal.
The compamy is also getting $3 million Equity Funding which is just another means of dilution. The company also got a $3.5 million Equity Funding last March when the share price was much higher so no reason to thing any Equity funding is going to mean higher share prices.
The smart money will wait until after the Q4 to see if the CEO is getting the losses under control before investing. If the Q4 is as bad as the Q3 one may be able to get shares much cheaper than today's price. We shall see.