Replies to post #81666 on Cuentas Inc (CUEN)

[DrContango]

Neither you or anybody else knows what their cash situation is.

My guess is that the cash situation is somewhere between abysmal and dire...

The 10k was only current up through sept.

Correct.

Revenues in oct nov and dec could much higher.

Yes, most likely revenues will be greater than $5K; but that is not saying much...
If it were significantly higher, revenues would be highlighted in "Subsequent events"

This product was just launched, so revenue should rise monthly.

But the water was launched ages ago with trivial revenues. The only revenues for apple juice for December might be listed in accounts receivable, assuming Amazon storefront withheld payment until shipment.

As for the share buy back, they stated 10% of future revenues would be used along with $400,000 of the MOU that they are negotiating. Whether or not it is true, time will tell.

MOU: just more TeamRico BS, imho. And there is no free cash to repurchase shares...



Doc

[nit2win]

Sorry, but that is factually incorrect......

If the company had produced any type of material revenues from the time their 10K ended ( September 30, 2014) until the time of the actual filing date (January 07, 2015), they would be required to disclose those revenues in the Subsequent Event section of their 10K.

Considering this company only did $5,200 in revenues for the whole year, any revenues produced from October until the first week of January would be considered material.

That is how I know Rico lied about the "estimated" $140,000 in revenues for the month of December. Anything above $5,000 would have been disclosed.

Rico can lie, his auditors will not!