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Friday, August 28, 2020 12:52:02 PM
1. There will have to be a decision about the restricted shares. There are 395 million shares that were issued to the old CEO of SOLS. When the company changed hands and David Lazar became the custodian essentially those shares were rendered dead because they were never vested. I have asked the IR department at SOLS about this but have yet to hear back from them. Regardless now that SOLS is a public company those shares belong to SOLS (the company) so we should see something about what they plan on doing with these shares in the near future.
2. The more I look at the crumb trail I don't know if they will need to secure funding through equity financing. If you read both of the PRs concerning the Blockchain Archive ServerTM. It states that they are currently in production and ready for distribution across the U.S. You don't make these statements unless you already have funding in place to meet those requirements. So I believe they have the initial production funded and are going to roll those out and gain attention for their product and then they may need to raise capital for future production.
3. I am interested in seeing what the service contract for these servers consist of. Is it a single sale or are they sold and then in addition SOLS is contracted to maintain them.
I will end my little diatribe with the last information we heard from DON Via FLEC interview about P&S before it became SOLS; he grew his company organically from 6 employees to 16 from 2018 to 2019 and he stated that P&S is debt free. They had six government contracts in 2019 and said some of those would be continuing contracts. So not only does this guy display great ingenuity but he has his ducks in a row.
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