Tuesday, November 01, 2022 9:22:59 PM
It doesn't take a rocket scientist to see the numbers hitting the previous Qs were out of shape, commingled, diluted financial assets, inaccurate statements, existing errors not corrected, and the list goes on. Example as with the Reg A share offering and receipt for payment contrary to the (legal) filed offering statements. When CEO Josh runs a hammer and nail company for the most part there is open game in moving funds around from one pocket to another. But when he runs a public company it gets a little more sticky.
CEO Josh has a whole host of issues he has created with his pie-in-the-sky forward thinking PRs. We think part of it was building high end properties as an "out of state owner". We have done it many times and it sucks without an in-house manager with eyes on the property. Many way outside the box in reality set in place to push the pps for .0001 toxic dilution shares (Eric). There are way too many items to discuss in this one post (e.g., why he bought a wetland property, no financial statements on JTEC, self written compensation plan, 30% ownership of SBQ out of nowhere, unrestricted share offerings, increased A/S without a business plan, outdated website, and the list goes on).
Many of you are correct - the goal post has not moved on the filing dates. There is one primary reason the audit and the Qs are not filed: you need to follow the money trail.
...one quick note: when it comes to an audit if you show a buck in revenue then you need to show where it is or went. If the transactions in the bank don't add up with the transactions on the register there is a problem Houston. One of the issues we see is the .0001 cheap stock for money on the front end and how that money got parsed on the backend after it was sold into the retail market/float.
See if you can figure it out... it's a hunch but with years of CEO experience - I think it is a good one.
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