The contents of the financials are excellent
The expected 9 month loss was cleaned up significantly during the past 3 months. They are just now bringing product to market so I would expect a loss at this point. See below:
From Allstocks
I really like this part
1. issued 9,515,000 Series A preferred shares in exchange for 291,350,000 Common Shares
2. Issued 20,654,167 Series B Preferred shares in exchange for 103,270,835
3. Issued 100,000 Series C Preferred shares in exchange for $100,000
4. Issued 995,000 Series C Preferred shares in exchange for conversion of notes payable for which the issuance of the notes originally generated cash proceeds tothe company in the amount of $995,000
note here they sold Preferred C shares for $ 1 for one shares. Thats really goood good sign, someone ready to buy for $1.
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Main points that I like form the financials:
1. a note payable for the amount of 995k was converted to series C stocks (showing stong belief in the company's fundamentials)
2. financing is secured for new receivables and inventory generated by the new sales
3. 5.5 million order from Prosec in additon to the initial 2.5 million.
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Look the Preferred A and B conversion. They converted 291,350,000 + 103,270,835 Mil shares. It shows strong belief towards company. Its all very good sign
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With the Nation's continued heightened focus on security I am thinking about topping off Monday with some additional shares. Could be a couple of short runs on this in anticipation of the shareholder's meeting, OTC:BB, Export license, etc. Good luck to you
