I, too, am frustrated that the financials are delinquent. Please provide a link to where the CEO said he needs $500k in order to submit financials. I don’t believe he said that but I’m open to being proven wrong.
“Profit” and “Revenue” are not the same thing. Your claim that people here have posted that “profits” are up by 4000% is not accurate. Some have predicted that transaction volume in Africa has grown by 4000%. If the revenue per transaction is the same for all transactions, then revenue is also up 4000%. That is not the same as saying that “profits” (revenue minus expenses) is up 4000% and I have not seen anyone claim this. In my opinion, the revenue predictions that some are making that the 4000% growth in emailmoni transactions produces is way over-stated. If emailmoni revenue in the first week was $50, then the 4000% growth calculates to $2,050 per week. That is an impressive percentage of growth but still unimpressive revenue production. That being said, it’s certainly moving in the right direction. To expect hundreds of thousands of dollars in weekly revenue is simply not realistic this soon after the launch of emailmoni.
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