Replies to post #2733 on Sollensys Corp (fka SOLS)

[MU_Redskin1]

BEAVERS & SOLS LOST $4,525,585 in 2021 almost double the previous year’s loss!

The greedy Beavhole has recently sold off assets to raise cash, but he can’t stop the bleeding!
https://www.otcmarkets.com/filing/html?id=15689420&guid=fm6wkaKC2i1QB3h

We are probably looking at a loss of $8-10 million in 2022 as he mismanages the company chasing a pipe dream and being CRUSHED by the competition.
https://www.otcmarkets.com/filing/html?id=15695939&guid=fm6wkaKC2i1QB3h

Our auditors have indicated that there is substantial doubt about our ability to continue as a going concern.
The accompanying consolidated financial statements have been prepared assuming that we will continue as a going concern, which contemplates continuity of operations, realization of assets, and liquidation of liabilities in the normal course of business. As reflected in the accompanying consolidated financial statements, we had a net loss of $4,525,585 for the year ended December 31, 2021. These factors among others raise substantial doubt about our ability to continue as a going concern. ..... For further discussion about our ability to continue as a going concern and our plan for future liquidity, see “Management’s Discussion and Analysis of Financial Condition and Results of Operations.” Further, as of December 31, 2021, we had a working capital deficit of $2,472,140 and an accumulated deficit of $7,967,663.

I don’t understand how anyone can value this company at $350 million when it’s not worth $35 million on paper or based on revenue. Block chain security is going mainstream and the big boys will bury greedy Beavers and this company in a Florida swamp in the coming years.

Anyone holding a bunch of shares better sell and get what they can now as this low liquidity POS stock could go to spare change in a heartbeat and stay there as BEAVERS burnS through cash and the technology becomes obsolete! This pipe dream is over!

GLTA SOLS!

Cheers, Red