Tuesday, May 14, 2024 6:48:04 PM
Regarding shipment overseas:
There is no inventory directly shown on Balance Sheet, and Accounts Payable dropped from $17.6K to $11.7K, so it would seem unlikely that large quantity of product was produced and is ready for shipment by a 3rd party as drop shipment, and thus, one must question whether this version of significant overseas sales is just like the line of previously hyped game-changers, never to be heard from again.
As stated in previous posts, the revenue numbers have not aligned with reported state licensing agreements in place, since end of 2022. The revenue numbers only indicate 10 agreements in place since beginning of 2022. IR is ignoring email inquiries regarding this (not atypical).
From 10/24/23 PR, regarding Nupelo
The "loan", assuming he ever pays it back, would be for his personal use. With the over-the-top bonus clause, <$5M contract, brought to company by him, would have "paid" him the roughly same amount, including taxes. Thus, infuriatingly and typically, that looks like another indicator of no deal near fruition, if there ever were any, near fruition, in the first place.
As always, for all investors and speculators, it would be nice to be proved wrong, with actual contracts cash revenue, corroborated in official financial reports.
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