Thursday, May 12, 2022 5:00:05 PM
I just don't see how the company hasn't addressed the latest numbers. Revenue is a joke. They apparently paid about $1.7 million (in dilution) for about $1.7 million worth of "inventory".
Hard to say what any of the pictures they posted actually mean. My interpretation is that some work was done and VPER posted next to no revenue for it, so either a partner was paid or the work was done for almost nothing. Companies aren't going to front product and installation for pilot projects.
EcoTech was supposed to have $1.5 million in revenue annually. So possibly $375,000 per quarter depending on seasonality (based on their "catalog", it doesn't appear to be a seasonal business). Revenue for Q1 was $1,385. That is across EcoTech, Cybergrab, crypto, smart lights/poles/cities, and whatever solar power generation they are "selling". So NONE of these "hot markets" are bringing in any money.
On top of that, they still have that major typo on the website.
What an amazing company.
Goo VPER
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