The question of it "being a real company" is NOT up for debate and frankly, in my view, therefore irrelevant. The company exists and is operating.
To WHAT ends and/or capacity is what I am inquiring after. As a former shareholder who admittedly didn't understand their business model completely I put forth numerous e-mails, phone calls and the like as part of my DD. Watching the way it was trading I called into question their reasons for:
"Gagging the TA" (that was MY TERM that I used to explain that the share structure BELONGS to the Shareholder--- we ought to have knowledge of that) It is NEVER a good sign when a company chooses a TA who limits info, or the company themselves prevent it...it ALMOST ALWAYS points to: A) Lack of transparency B) The potential and high likelihood for SHENANIGANS. Now, before posters start pulling the BASHER card on my A$$ lets agree that the TA is NOT gagged, BUT for me to know what the restrictions are, when they expire, and thereby determine the float---- essential investor information FOR ME...they ARE GAGGED, in my view.
And, as we saw, they subsequently began raising the O/S after I raised hell here and sold my position...thereby diluting the rest of you. Moreover, if they are lifting restrictions, or they are coming due, and ALSO sold into the FLOAT we--- shareholders & potential investors-- are being shielded from that CRITICAL information.
Now, the financing, the projections, the VSP deal and shadiness surrounding ALL THREE make NO SENSE to me...why all the dilution & share secrecy IF YOU ARE on the up & up. WHY do YOU NEED MORE MONEY???
-11Million $'s Projected Revenues PR'd/Reported
-10Million $'s Spire (in 300K tranches) PR'd/Reported
-1.75Million $'s from VSP (mystery terms & partner) PR'd/Reported
All looks GREAT right? So, they ought to have all the money they need for a WEBSITE (afterall it is a website isn't it?) BUT they don't and haven't been keeping with their timelines, and over-reach in my view with the business potential & associations (Gaga, Peas, Beiber, YouTube, et al) ALL of WHOM have been PR'd/Reported by ENTI....
Look, this business operation STINKS right now, that is all I can tell you. Look at my posts on the matter and you'll see. I could write much more but it would be redundant at this point. The business exists, they are an entity allowed to conduct business,...what isn't clear yet is if they are in the business of doing just enough to bait investors and print shares OR are they legit.
The money, claims, business model and recent PR's about how great their business is DOES NOT JIVE with their ACTIONS...secrecy, missed deadlines, money grabs and all the rest. That is my $0.0005 worth at the moment. This pps will stabilize, move higher then dump again and will stay down here until they square away these questions, stop selling shares, and tell us what the f is going on...in other words, potential investors will demand more transparency instead of investing in blind-faith, hopes & dreams!
I hope I answered your question... PS- Please don't anyone hit me up the the share-stealing label (believe me, there are plenty here if I wanted them, & I have NEVER resorted to such nonsense). I hope I might be getting through to some folks-- not to sell, per se, but to do some DD and get some answers. Call, write, demand a conference, push the envelope and find out about your investment. DON'T bury your head(s) in the sand thinking it will all turn out well, that strategy rarely produces any joy and typically brings a great deal of pain! Really, protect your capital & if anything I've written here makes sense then try to discern what the answers are from the HORSE'S MOUTH if u can. GL2UA.
