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Monday, April 05, 2021 10:01:58 AM
I see pennexx as two different companies.
Pennexx 1 as total failure, as I believe it was one step from going out of business.
Unfilled promises, financial struggles,internal management in chaos etc, etc. This was 2020, nothing was done, a complete waste of a year.
This all changed with PR in DEC. which led to change and in my view Pennexx 2 began, some examples...
Pennexx 1
Credit card: promised
Patent: applied and nothing else
Revenue: 0
Financials: promised audit
Business plan: no real plan
Pennexx 2
Credit card: approved and now operational
Patent: moved process to patent pending
Revenue: 3 year deal with money up front
Financials: Audit in process with an OTC approved firm that will walk co. thru up listing and off pink sheets
Business plan: App, merchant, and international, 3 different avenues with contracts. The results should give us an indication of the technology.
I am not sure what you all expected on the fillings, but it was last filling IMO for Pennexx 1 and just wrapped up 2020.
The two things that caught my eye were some revenue and again no stock for the principals and stock not issued for the purchase of YSO. IMO, eventually, there has to be some dilution.
Someone posted they look forward to next filling, I agree, it will be the first for PENNEXX 2 and IMO a barometer of where the 4 month start up is.
JMO
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