Replies to post #1296 on 5BARz International Inc. (fka BARZ)

[Rig pig]

Good points for sure. I guess we just have to wait and see. Would be nice if they would post something positive on their website once and a while.

[PumpersExposed]

Really.. where asre the fillings, where are the sales, and how will they manufacture anything with $165k of cash 3 months ago, $266k accounts receivable, and $10 mil of liabilities including notes payable, accounts payable? They had sales of $19,543 last quarter, with a cost for those sales of $64,881. Doesn't sound like they have orders, or any they are executing on.

All they need is money to fulfill those orders, and typically when you have a purchase order in hand it is relative;y easy to fund those fulfillments.

Yet they have not have they?

Once they have the funds it's just a matter of ramping production.

And meanwhile.. these 'orders' sit and wait.. sure..

Per 5Barz IR they are working on it diligently, that's good enough for me.

Ahhhh... paid for IR says they are 'working diligently'.. MUST mean things are on the way!

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11718820

latest Q

Note 10 - Related party transactions

During the nine months ended September 30, 2016, the Company engaged an engineering company in Bangalore, India to perform engineering services, product development and manufacturing services for the Company in the aggregate amount of $979,702. The Engineering Company is owned by the Director and the CEO of 5BARz India Private Limited, and the CEO of the engineering company is the spouse of the Director and the CEO of 5BARz India Private Limited. The amount due to Aseema Softnet Technologies Inc. at December 31, 2015 was $605,302. During the nine months ended September 30, 2016 there were $979,702 in billings and $478,000 in payments to Aseema Softnet Technologies Inc. resulting in an amount due of $1,107,005 at September 30, 2016. Subsequent to September 30, 2016 there have been further billings of $118,011 in the month of October 2016 for an aggregate amount due of $1,225,016 at October 31, 2016.

Further, effective January 1, 2015 the Company entered into an operating sub-lease agreement for five years for office facilities within the Aseema Softnet Technologies offices at Suite #1741, 2 nd floor, 9 Cross, J.P. Nagar 2 Phase, Bangalore 560-078. The lease provided for a monthly lease amount of 60,000 Indian Rupees per month ($900 USD per month), and required a 10-month security deposit of 600,000 Rupees ($9,000 USD).

and because they have performed so well

On June 14, 2016, the Board of Directors approved the issuance of warrants to acquire 8,000,000 shares to each of the CEO and Chairman of the Board, at a price of $0.09 per share. The warrants have a term of five (5) years and vest as to 50% immediately and 50% on June 14, 2017. In addition, the Directors approved the issuance of 10,000,000 stock options, issued to the CEO of 5BARz India Private Limited, to acquire common stock of the Company at a price of $0.09 per share. The options have a 5-year term, and vest as to 10% immediately, 40% upon the closing of a minimum of $13 million USD financing of 5BARz India Private Limited at a $100 million valuation and 50% one year from the closing of said financing.

5 pages of litigation with most ending in settlements.. wow.. sure can pick em!

f-33 expenses.
$1,548,533 'product development costs'.. sounds like pretty well all of that goes to the insiders Aseema Softnet Technologies Inc.
$2,725,666 'consulting and wages'.

unbelievable.