Singlepoint Inc (SING)

[WiseTrader55]

I want to point out one VERY important number on the financials....STOCKHOLDERS EQUITY (SE).

Stockholders equity is an account on a company’s balance sheet that consists of share capital plus retained earnings. It also represents the residual value of assets minus liabilities.

This is the FIRST TIME in company history the number is POSITIVE!
Current SE is $989,648 versus ($3,198,176) on December 31, 2020. Wil has accomplished that by getting rid of the Derivative Liabilities and paying off the convertible debt.

Why is this important? Well, in order to uplist to Nasdaq, a company must have a POSITIVE SE of $2,000,000. As of right now, the only two requirements that SING does not meet to uplist to Nasdaq is the SE and the minimum share price of $3.00.

I anticipate the SE will be well north of $2mil by the end of 2021. If they choose to uplist, they can do so with a simultaneous RS on the day of the uplist to Nasdaq...one of the rare times a RS is a POSITIVE.

This is a huge accomplishment and I give Wil Ralston 100% credit for cleaning up the balance sheet. More good things to come, I have no doubt.