InvestorsHub Logo
Followers 73
Posts 9029
Boards Moderated 0
Alias Born 07/16/2010

Re: None

Tuesday, 12/31/2013 6:49:56 PM

Tuesday, December 31, 2013 6:49:56 PM

Post# of 130186
Tidbit:

Revenues were generated by the sales of MVNO (mobile virtual network operator) and e-cigarette sales.
The Company recognized revenues when the phones and e-cigarettes were delivered and paid for.
As of December 31, 2012, the Company discontinued its Mexico based MVNO program due to lack of profitability of the product being sold, and certain non-payment of owed revenues from the Mexico MVNO partner.



So, he was actually "terminating" phone calls in Mexico, and losing money at it. What a business genius!

Of course, to the ($142K) 2012 operating loss, you must add the $125K owed to that mysterious consluttant, that was never mentionned in any financials due to some unfortunate scrivener's error.