I'm still holding but don't like what the company is doing so far.
If sales increase and revenue increase that means net profit should increase.
Why not first pay off the loan with the "net profit." Then issue PR stating that company paid off significant amount of debt due to cash flow positive.
This will significantly boost investors confident.
Then next quarter or whatever follow up with the national-wide deal.
Yet, they refused to do that.
Instead going straight to burning cash flow by "dreaming too big." Using money that we don't know where they got it from to pay for employees, marketing, productions except from "loan sharks." (Not stating anywhere in the PR that their sales increase nor net profit increase)
lastest 2 PR's concerning debt said they reduced 75% by extending out the terms. %25 left should have been burned through when we were at .0009-.0011.
-Instead now company raised the A/S. This can only mean they BORROWING MORE MONEY! I'm not saying that the shares will float the market right away but..something is off.
-Good companies don't say they doing well, but not show proof of how well. They release numbers, contracts, but so far ISBG have been nothing but "forward statements."
-Company tweets telling us to "believe" and they believe in building shareholders values. Yet we been waiting almost for 30 days and all we got so far is "air" and now "dilution."
-Another point, company have not address many concerns that investors have, but keep feeding us this "dream" of nationwide etc. You don't go nationwide by not addressing many of the big concerns that investors have.
1) Money? Where you get that 600k. Why not use that 600k to pay off debt so you don't have to raise A/S.
2) Company if indeed selling BESADO like crazy then "net profit" easily obtainable within 1-2 quarters. Clear your company back-end before you go chase the butterfly.