Z
Great work...I have seen those numbers, right along with everyone else. You have re-enforced my point. Cash and cash equivalents $5,877,413 em. Those funds pay for daily operations including...(Jay's) enormous salary, While the share holders money pay the bills through dilution. Because of the immense dilution created in this type of deal, the SH really never see the true profit due to the reverse splits that will have to take place. Again the SH are the ones paying the bills. They are not being paid from the $5,877,413. If they were..there would be zero operating cash, which would = Close the doors.
The F-500 supporter, Cisco, provided a lease purchase option on equipment that saved a lot cash...very good move, but not enough. WIFI deployments cost a fortune... 5,877,413 will not cover the cost of a large deployment. IMO this was Gross miscalculation by Jay and Jerry. Because of the multidirectional acquisitions by Jay, without a viable business plan, we are now jumping through flaming hoops, attempting to spin-off and sell two very different businesses, that were somehow meant to meld together in some type of business plan.
Add in the financing for both, and we now have business soup.
On a brighter side, if the spin-off and IPO of Kite is successful, and the Divestiture of Davell happens, MOBL will be able to again pursue its original Business plan. As for the SH... After averaging down with new money and securing a butt-load of shares ... A SH has way more invested than he/she will ever get in return. As for me, I am in so deep that I am here to the end. I believe this company will end up in the black, but at the rate of dilution, I do not expect to see great profits. High Profits will only go to the upper echelon. I am just saying that the CEO should take less of a salary until he can get this ship sailing. Right now it's under water.
Good luck Jay,
JB
AI
