CGUD awesome close indeed almost closed .0013 and for a Friday of end of the month we did awesome. Looking forward to the big surprises CEO has lined up :)
IoT Market Forecast At $11 Trillion, Report Finds A new report from McKinsey finds that the market for IoT could reach $11 trillion by 2025. This means a sea change for IT, as well as the CIOs who have to manage budgets.
HUGE FIND~~~> CGUD has a 29% stake holder from Australia!!!
Quote: C. Beneficial Shareholders. Provide a list of the name, address and shareholdings or the percentage of shares owned by all persons beneficially owning more than ten percent (10%) of any class of the issuer’s equity securities. If any of the beneficial shareholders are corporate shareholders, provide the name and address of the person(s) owning or controlling such corporate shareholders and the resident agents of the corporate shareholders. Mr. Stephen W. Marshall, 29%, Care of Marshall Michael Pty. Ltd. ,Level 1 ,115 Cambridge Street, West Leederville WA 6007 Australia
So 462,289,901 x 29% = 134,064,071 take that from the O/S and the max the float could be is 328M
Also note in 2009 CGUD won a judgement in the amount of $3.6M, but has never received a dime see here:
Quote: NOTE 7 – OFF BALANCE SHEET ASSETS During the fiscal year ended June 30, 2005 the Company’s PC Products subsidiary entered an agreement with a computer hardware manufacturer to, among other things, provide manufacturing services. Under this agreement, the Company advanced funds and purchased inventory for the Company’s products, which funds and inventory were used by the manufacturer. After several years of pursuing the matter, in January 2009 the Company entered into an agreement that included a “Stipulation for Entry of Judgment: and Judgment Theron” with the manufacturer confirming that $3,600,000 was due to the Company. The Stipulation also contained certain requirements for the liquidation of inventory which was valued at approximately $1,000,000 and for ongoing payments to the Company. As of March 31, 2016 no payments have been received by the Company. Due to the uncertainty in realizing this asset no amounts have been included in the financial statements.