InvestorsHub Logo

NoMoDo

08/11/22 10:16 PM

#112863 RE: OMOLIVES #112862

Well, that is much better. Thanks.

NoMoDo

08/11/22 10:55 PM

#112865 RE: OMOLIVES #112862

I just don't want to spend my Thursday night arguing whether it is an opportunity cost or a conservative profitable sell. Who cares?

Whether the line of credit is fully used or if they owed $4.95 mil and paid off a couple hundred k from that amount or they owe $7 mil.

The company just bought a lot of land, had professional fees of $3 mil for startup. Has $3mil in goodwill. It is obviously in it's initial start up phase. Yet they brought in $1.7 mil in revenue early on. They are just starting their bitcoin mining in June of 22.

We owe Ecoark $4,947,995 as of April 22, 2022 under a $7.5 million line of credit note at an annual interest rate of 10% per annum which is March 31, 2023

Quit acting like the company is a failure. I personally would invest in this company on it's own. Glad it is going to be part of HMBL - especially since BTC and ETH just reset and are back on their way up.