Replies to post #16185 on CarSmartt Inc (CRSM)

[tomdoc]

Excellent work Bender77.

[Stock_Barber]

I will address these, but not all at once... my time is voluntary, I don't get compensated for trying to educate on how pink sheet shenanigans are done.

Let's start with #1:

They did tell us they were funding it themselves, out of pocket. I wouldnt expect them to collectively dump their life savings into the business account....thats just not the way it works.

CRSM is a public company! Why be public if they are self-funding?

Their debt on the balance sheet is a mysterious and unexplained "loan" totaling $94k. They recently issued ~ 10M shares for "cash". That is $.0094/share...

They claim that the value of the shares was $.05 at the time...

Such a deal, no?

That assumes the entire "loan" is actually a direct exchange for those (now beyond the restriction period) shares!

Invest money and get a 10X return by promoting the shares on social media! Pretty good deal, no?

[Stock_Barber]

2) CRSM's business plan of only charging 10% cannot succeed! True, but it will take a little time to prove it... while OBVIOUS it is simply too early to prove it with numbers because they haven't reported any. I wouldnt say its "OBVIOUS". You don't know their expenditures yet.

Ok, so if we exclude employee salaries, insurance benefits, 401k's, etc... exclude required state insurance on drivers, factor in word-of-mouth marketing, and ignore the need to add many more employees if they continue to grow... it sounds like a sure thing!