While we have been awarded a lot of new business and renewed most existing clients for 2021, traction has remained limited due to the Covid-19 pandemic and the slowness at which our clients are returning to normal business - Still blaming covid-19
Net loss for the three months ended March 31, 2021, was $6.3 million, an increase of $5.9 million, compared to a net loss of $0.4 million for the three months ended March 31, 2020 - Terrible quarter
We are actively engaged in discussions with acquisition targets that range from $5 million to more than $50 million in annual revenues - Same line they used last earnings. Why don't one of you call them and ask them in they are in discussion among themselves in future acquisition or are they presently talking with some companies?
Pursglove, concluded, More recently, Beyond Commerce has executed several corporate initiatives that we believe will enhance shareholder value - This statement with today's earning to enhance will be them executing a reverse split (an opinion).
We have strengthened our balance sheet by eliminating a large part of our debt and increasing our cash position - This means nothing if they will continue to post loses.
Even though I knew they were going to post a loss, the report in my opinion was atrocious, and they probably will soon execute a reverse split to not let the stock drop even lower.
Warfare, I will have to disagree with the statement you made "If BYOC opens Monday flat/no buyers the M's will immediately start to sell a couple large blocks to create the perception that the Q was negative" and tell me how was the Q was solid.
Above is based on an opinion, nothing to do in trashing the company, but it is a shame that they have a good product, and it appears they do not know how to market it.
