Monday, October 17, 2022 2:57:40 PM
- No mention of the on-hand cash burn rate and how they could be out of money by
the end of the year.
- Not a whisper about the enormous cost of production of what is essentially free-to-
use well water. They are almost losing money at the point of production.
- Lenny didn't explain where the marketing budget will come from for his many upcoming SKUs, including Happy Mellow, Stay (I don't believe this was not mentioned at all), whatever is on his drawing board, and several different BeWater
configurations.
- I didn't hear any commitment to no further dilution beyond Amy saying we would make it equitable for the shareholders.
(As of 07/31/2021, the number of shares outstanding of our Common Stock was: 2,122,000,848)
- No mention of why the authorized shares were moved to 10bil.
- No Mention of why a company even conceives the idea of issuing
a class of shares worth 100mil each and then authorizing 1000 of them.
- No peeps about how three people can convert Class B to 6bil shares.
My posts are my opinion and nothing more. You should always do your own DD and do not buy any stock or anything else simply based on what I say.
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