InvestorsHub Logo
Followers 1741
Posts 142037
Boards Moderated 4
Alias Born 09/11/2005

Re: None

Wednesday, 02/13/2019 2:33:21 AM

Wednesday, February 13, 2019 2:33:21 AM

Post# of 68025
First-and-foremost-we-restructured-our-senior-secured-debt-with-TCA-Global-Credit-Master-Fund, LP ultimately taking out us of default, extending our repayment term and lowering our interest rate. We truly value our relationship with TCA Global Credit Master Fund, LP, and we ultimately strive to be their greatest success story.

We hired an experienced CFO - Jeff L. Garon. We look to Jeff to help us get to our ultimate destination: NASDAQ or NYSE.

We see significant business here in the United States. There is no need to pursue expensive and often fruitless international business.

We significantly reduced our corporate debt and expenses. As a young public company, we made some costly contractual mistakes. This resulted in our being overcharged for certain services and in some toxic business relationships. We have made the necessary corrections and are now functioning efficiently and at reduced costs while complying with all mandated SEC regulations.

Our projected Drone USA sales goals:- $500,000 in revenue 2019, Average profit margin 25%.

We intend to boost Howco sales via re-structuring, implementation of incentives and increasing our profit percentage Additional revenue of $2,400,000 in 2019 expectation is to raise blended profit margin to an average of 7.5% across the board.

These are the projected Thermaxx profits-- We expect to net $250,000 in 2019,

https://finance.yahoo.com/news/bantek-ceo-releases-letter-shareholders-133000380.html