Digital Utilities Ventures Inc (DUTV)

[Voices of Reason]

More observations on the financials:
1. Natural Science deal (the only line of actual revenues) that was announced at the end of October lasted only a few months and is now a dead deal. "As of February 28, 2019, the Company no longer operates Nature Science Health Inc and Health Evolution Inc."

As originally touted by Maurice Stone "[DUTV is] on target to reach revenue goal of $5 million in product sales by our fiscal year end, in May of 2019," said Maurice Stone, Digital Utilities CEO. "Our partnership with the Lakota Tribal Cooperative will be fully engaged and the Spring planting in The Dakota's will have begun":


https://www.otcmarkets.com/stock/DUTV/news/Digital-Utilities-Ventures-Inc-Acquires-Controling-Interest-of-CBD-Producer-Nature-Science-Health-Inc?id=207655

2. The revenues touted above as being on target to reach $5 million are clearly off. The gross quarterly revenue was only $18k - curiously, they did not include this amount in the nine month gross revenues (stated as zero). Worse yet, the cost of that zero revenue was $80k....idiots....

3. The previously announced Lakota deal is nowhere to be found in the financials nor any mention on status of funding with White Wiggins & Barnes to fund the deal:
https://www.otcmarkets.com/stock/DUTV/news/Digital-Utilities-Ventures-Inc-Makes-Strong-Move-into-Hemp-Market-with-Lakota-Tribal-Cooperative-LLC?id=205923

https://www.otcmarkets.com/stock/DUTV/news/Digital-Utilities-Ventures-Inc-Engages-White-Wiggins--Barnes-to-Structure-Venture-with-Lakota-Tribal-Cooperative?id=207320

4. Cash reserves are down to about $4k....guess the progress on raising $50 million for the above Lakota deal is going a little slower than expected. The statement from Stone stating "We anticipate NET income from the 2019 crop to be in excess of $400,000,000." appears to be a pipe dream for 2019.....

5. There were 3,453,073,447 and 3,430,073,447 shares of common stock and 0 shares of preferred stock issued and outstanding at February 28, 2018 and May 31, 2018, respectively. sloppy typo - should be 2019. Further sloppiness - previous quarter showed 3,454,085,447 issued and outstanding and now they state a smaller number at 3,453,073,447 but did not calculate the value correctly at $3,454,486

6. From the previous financial quarterly statement in the subsequent event section it states "The Company had subsequent sales of product in the amount of $204,730 that was delivered in the first ten days of December 2018. " - WHERE IS THAT REVENUE NOW???