Saturday, November 13, 2021 10:29:58 AM
The other gleaming aspect is that the debt... in terms of millions of dollars worth has literally been extinguished from the books. The illiad lawsuit technically ended the 1.4 million owed to them, as half of that got diluted in 2020, compare from 2019 to 2020 to this 10Q. This Along with other debt. Now this year the major toxic notes are done and to the market. So why wasn't the pps taken to near .0001 or no bid?
There's been something that's picking up this dilution... you've mentioned this before but now taking another stance and forgetting that.
Yeah, nobody is happy with the stock performance but this is the best 10Q that has been put out this far. S800 is taking a loss, but it's improving in the right direction and has consistent revenue. Contracts need to go live, which perhaps there's been upfront development work that needed to be done in order to get said contracts, which lead to profits, going live.
I of course could be wrong and they take the OS to 30 billion... but then why and how will it go to that... again, who's picking up the shares? What is the plan, clearly there's a plan. Acquisition, merger, otherwise what's the point?
In the mean time, the NOL for tax loss carryover grows, which there's value to that which is huge.
So what's in store for us next? The lawsuit I still say was a smoke and mirrors tactic.. you don't give BYOC more money, then sue them, then give BYOC more money again and equivalent conversion rate that is much higher.
All of this is public knowledge, just need to connect the dots... and down here, we're stuck again and nobody can do anything except for wait it out or sell down here for peanuts.
Just my take on things, for whatever it's worth.
My thoughts/opinions are my own, based on research & DD, best to find your own! I invest for myself/ family 1st, then everybody else.. the same as any business!
Please do not buy, sell, hold based on my opinion!
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