Thursday, August 11, 2022 2:18:06 PM
The numbers should be of no surprise since it’s taken from their last two annual reports, but nevertheless baffling when read along with the prospectus where they fail to show how exactly they plan to generate income from what they’re raising, other than using it to give the middle guy (trucrowd, Inc) 8% and the rest for general and administrative expenses.
You know better than me since I haven’t looked at their financials in any detail in a long time, but those numbers are a little off-putting, if you’re just taking a glance. They do however state the .05 number is arbitrary, so not based on any potential.
Let’s keep an eye on the follow-up fillings to see how they do.
.......CB
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