Why get down on me for pointing out the obvious? I don't run the company. Yes, many start-ups do lose money and it is to be expected. However, most companies plan for that and have all their ducks in a row before hand. The obvious HERE is:
1: They want to double the A/S to dilute more. If we are at lets say .0016 and you double the shares available to the market...common sense would tell you (if nothing changes) about where the price may be in the future would it not?
2: The company is losing over 2 million per quarter which is 10x earnings. Also.. going over the financials I see defered income, convertable debentures (also known as toxic financing) and they bought into something (addon exchange) that will need funds to get off the ground also...funds we obviously do not have.
3: The awarenes/advertising campaign is non existant. A single ad in the WSJ is so lame I have no words.
4: There is no patent. It is no great wonder why they are having trouble getting the big boys to come to the table? Until that little tidbit is obtained I doubt the big boys will want to play.
5: 35% of addon was purchased for 100,000,000 shares which at that time we were trading at .0055 so $550,000. For what? What are their earnings and burn rate? Couldn't that money have been better spent on advertising the product or is it just me?
I have not even mentioned the lucrative consulting fees being paid to the old management. FOR WHAT? Are we here due to their awesome cunsulting prowess? If yes, they need to give whatever they got back as they obviously are not qualified.
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