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Re: lesgetrich post# 111572

Thursday, 08/11/2022 2:18:06 PM

Thursday, August 11, 2022 2:18:06 PM

Post# of 112675
You are correct, Les. I found it very difficult to make sense of those numbers to try to show any value, growth or a return on investment with no sales/revenue, and ~$8M in lost income, and I bet most people invested here have more cash in their bank account.

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