Replies to post #658 on C-Bond Systems Inc (CBNT)

[ANYDAZE]

Ty

[Randomguy01]

All the filings are here so you don't need to call anyone. You can check yourself any time you like.

https://sec.report/CIK/0001421636.

The price crashed due to the annual report indicating a loss of 4,477,033. Last year it was 6,358,612. So things are improving but I don't like that they're getting bonuses whilst not making money.

"in May 2020, the board of directors approved a bonus to Mr. Silverman and Mr. Pugliese of $150,000 and $105,000, respectively, and in January 2019, the board of directors approved a bonus to Mr. Silverman and Mr. Pugliese of $150,000 and $105,000, respectively."

Those are huge bonuses for a small loss-making company.

At the same time there was huge dilution. 94,236,036 vs 172,978,187. Value per share cut in almost half. And there will be more dilution because they don't have the money to cover operations.

They're been winning contracts but it's not enough. If you ask me, that bonus money could've gone to marketing teams in cities affected by riots. They should be pitching the tech to large chains.

Still, the company is worth 3x the current level on paper based on the value of IP alone.