Error in dates, or they did hire Peter Stazzone a year before sending out the press release... On February 8, 2020, the Company appointed Peter Stazzone to serve as the Chief Financial Officer of the Company and the Vice President of Finance of Service 800, Inc., the Company’s subsidiary. Mr. Stazzone shall also continue serving as a Director of the Company. February 8, 2021, the press release was issued.
Phrases they used that did not sound good... "we plan", "we believe", "our success will depend on", and I am surprised they did not use the phrase "they believe they can fly", but if they had wings would they fly away completely to a state of non-existence? Their statement "our industry is highly competitive" indicates it will be hard to succeed in the industry they're in.
How are they going to acquire company when they have no money? Through shareholders investment and issuing more convertibles, ultimately increases the companies shares and if they continue to dilute a reverse split down the road will probably be executed 1500 to 1 which will pound, crush, or grind to dust all shareholders.
I was stated for the year ended December 31, 2020, and December 31, 2019, they had an accumulated deficit of $58,645,834 and $48,227,200 - Accumulated losses over several periods or years could result in a negative shareholders' equity. Just because a company shows an accumulated deficit doesn't mean it is out of cash or even close to running out of cash, but an accumulated deficit does mean that the company has spent more money over its lifetime than it has taken in.
They stated that their common stock may become thinly traded that one may be unable to sell at or near ask prices, or at all, a lot is being said with this statement.
I did not read the entire 10K, but with the above being said, today I will sell my position and if it goes up I will be happy for you guys, I wish no one to lose money, but I will refuse to stay in a stock that appears to be going no place at this time and in my opinion by letting it all out now, the earnings around the corner will make it easier for shareholders to swallow.
By the way, I have never taken the bashing and trashing personal because opinions is what creates discussions. Maybe pulling out will create momentum and the price of the stock will rise, LOL
Starling and satchel who I highly respect, yes satch even in our differences... it is sad to hear that they have a good product and good clients, but have no management. I have learned that there are two kinds of winners in the stockmarket, those who cash in profits and those who cut their loses. I did leave some profits as shares and increased my position at a lower price assuming momentum would take place. Today, I will cash in the profits I left as shares and cut some losses on the stocks I purchased between .003 and .005. I held until earnings came out and was really disappointed with what they posted, in my opinion it was discouraging and them not really certain of their business or where they are headed.
Hoping the best for the BYOC shareholders.
