Beyond Commerce Inc (BYOC)

[warfaretrader]

imo i believe this ticker/company is all but dead. With only $127K in cash which isn't enough to make it another quarter and keep service 800 doors open. They continue to push the case back because they know this will ultimately kill the company with even a small amount of $$ going to Jean in settlement, *and it won't be a small settlement. The filing has the case slated for late August now. Not to mention they are in default paying Discover $1.2 million and TCA for another $933K

The promissory note payable to Discover in the amount of $1,200,000 has a due date of April 1, 2023. The Company has not repaid the note and is in default.

On April 13, 2023, the Company received a Notice of Default and Demand for Payment for $933,687. The Company believes that prior payments of principal and interest may have been applied to unenforceable investment banking and other fees and charges. It is the Company’s position that the amount owed to TCA is less than the amount set forth above. Our attorney has contacted counsel for TCA to discuss prompt settlement of this matter.

This is likely the worst ticker in the whole OTC, BYOC debt, no cash, not to mention the liabilities against this company. Imo it will be next to impossible to acquire Eletric Built in the current state of disarray. At best they find another lender, and that will be just to pay off current liabilities which could be around $4 million then tack on capital needed for it's dead-beat service 800 your looking at needing $5 million just to stay afloat for another year. GL