Strake Inc (SRKE)

[Dan Simmons]

At best they turned inventory twice during FY 2021

This is giving them the benefit of the doubt that they actually have any inventory. Only one sales rep is talking and "she" is being paid with stock to promote the company. I would love to see a statement from "her" about how many people are working for "her" and "her" sales for FY2021. I promise you will never see that from "her".

$400,000 in inventory at 27% GP.

Cars for the management.
Ridiculous professional expenses.
I think it's pretty clear what is going on here.

Now they have pulled a couple of poor US street hustlers into this.
They will be the ones with the most exposure.
Lawsuits aren't new to them so they are probably okay taking the quick payday.