Saturday, August 13, 2022 9:46:35 AM
Otherwise, there's some AR there that wasn't realized, so revenue was flat.
Also you mention S800 needs to be sold, but the overhead is not just from that, remember BYOC is a "holding company". And it's expensive to be an SEC filer otc pink company, which ultimately makes it legit and easier to make acquisitions and growth. As opposed to how many other otc pink companies which put out fake or stretching the truth news just for stock promotion purposes.
So as everyone sees, Sept 19th is key with the pre-trial and officially approving the motion that has been put in place. If that happens, that will further clean up the financials which has also been taking place for a couple of years. This has been communicated in prs and from the management, as well. So comparing financials from the past, a lot of clean up and operating expenses are going down.
Ultimately, with a lawsuit with they previous owner of S800, makes it hard to move ahead with the companies direction. So we will see what happens this fall.
Yes, dilution from Discover which we all already knew, but there not has-been much of an increase, plus Geordan and Peter took shares, as well as Electric Built.
They are being Pretty damn transparent if you ask me.
But they need to execute once that lawsuit is finalized, and I believe they will and "all the frustration will be worth it"
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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