Friday, October 16, 2020 8:29:24 AM
Look at the financials.
They had a promisorry note to SCS, LLC which is owned by the ICLD principles. It is no surprise SGSI defaulted on the loan and allowed the balance to increase 25% and interest go from 8% to 24%. This allows their friends to get more money. And you know who is really paying for that loan? The shareholders. It is a dilutive note.
Speaking of dilutive notes, there are many listed in the financials that had nothing to do with the WAVE merger. This will still put downward pressure on the stock price that you are seeing now.
Isn't is strange the share structure has not been updated since the beginning of Sept. What are they hiding? Is there a gag with the TA? You cannot accurately figure out the current market cap based on the old share structure numbers.
You talk about the great revenue numbers BUT they are LOSING 20% on those numbers. They make $12 Million but have net loss of $2.7 Million. They are not making anything. They are losing money each quarter and convertible loans are keeping them afloat. They shareholders are keeping them afloat while the shareholders are losing their backs.
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