Well here's the thing. This doesn't appear to be the obvious/normal/usual penny company whose goal is to enrich themselves at the expense of shareholders. Quite a bit of personal money has been spent to get it to this point. Just take a look at the travel expenses in the fins. I don't know if that $$$ comes from Madeline's personal checking account which contained gobs of savings left over from Chucks Vintage revenue and profits??? Or does Vinnie have that much $$$ lying around??? >>>
Now add the fact that they've raised $0.00 through the offering. Where is the money coming from. Chucks Vintage closed in early 2018 due to Madeline's accident and there is no proof it has reopened. So, that business has not produced any revenue for two years. If you follow Vinnie's social media sites the way I do, you could fairly conclude that he does not work...has no income. But he likes to party and fly around the country and check into fine restaurants. During his latest trip to NYC, he stayed in one of the most expensive hotels in The City. Moving on >>
So far, they haven't used shareholder money because there is none for them to use. About 98% of penny plays are corrupt and moneymakers for the insiders. This one, so far, appears to be in the 2%. But the confusing thing is they certainly have shown some behavior of the 98% -- and now DiPrima and Leinwand show up. So I don't know what to think. But I do know this >> If they don't raise capital very soon, their dream of becoming a player in the solar industry will come to an end before too long. >>>
I question their IQ's ... always have contended that they are not the brightest bulbs in the pack. Why on earth did they set the offering price at $.75 ??? And as you noted, why get involved with KW and the EG*H shell in the first place? >>
Who in their right mind is going to pay $10,000 at $.75 for a company that has no proven success -- at least not on a scale to warrant such a high share price offering. The photos of past jobs look like back-yard projects.
If I was a fly on the wall at recent meetings, and in my very humble opinion, I suspect I would hear DiPrima telling Vinnie "Are you nuts? $.75 per share and $10,000??? ...Vinnie / Madeline, you need to get a grip." If they intend to stay in business and re legit in trying to succeed -- and by the time DiPrima is done -- toxic lending will be the norm. I don't see any other option...unless they lower the offering to $.01 -- or lower. >>
Having said all that, it is a penny play and expectations need to be lowered greatly. Our odds are better going to a casino and playing the Roulette Table.
