Decided to do some DD:
OS increased over 2 months...
May 21, 2018 - 264,983,878 common shares per 10-Q
July 31, 2018 - 301,401,440 common shares confirmed TA
Total increase - 31,417,562 common shares
Maybe that's why the funky trading these past several weeks where the PPS was .01s and went back quickly to .005s in a few minutes...not sure. Hopefully not much more shares being diluted?
But the big plus is:
First 3 months March 31, 2018
Revenue increased: $4,327,764
Net Income increased: $134,269
As compared to:
Last year First 3 months March 31, 2017
Revenue: $0
Net Income:($1,018,921)
We can expect revenue and net income to increase positively in this upcoming 10-Q but hopefully the OS will not show much increase. The Company's Plan is moving forward hopefully with the next 2 private company acquisitions in Q3 & Q4. Hopefully revenue projections are on target for $78,000,000 by 2018(Q3-Q4). This would need to be very large private company purchases to bring the revenue projections to $78M.
My thoughts IMHO - This is similar to a RM into a Shell but now so far it's projected for 4 companies coming in versus 1...remember 2 have already been acquired (AW Solutions & ADEX Corp). I think the OS will increase...don't know by how much? SGSI sold Mantra to identify themselves to the industry as a telecommunications business. As of 3/1/18 the company has 301 employees and expected to rise with the next 2 private company acquisitions. Also, SGSIs customer list are Fortune 1000 companies. Looks to me here folks is the beginning stages of creating a very LARGE telecommunications company. For me...I'm in. I want to see what happens. Maybe in the future if the company has uplisted to the NASDAQ as they say, I can also say I bought in at .005 at over 1M shares or not! Not to say upcoming events(possible RS) may happen. Ha! You decide and weigh the RISK versus Rewards!
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