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johnydollar

04/15/24 5:26 PM

#342900 RE: Jetmek_03052 #342899

You are always on top of it........

Great 👍 job..........

Thanks for posting 📫 ☺️.........

Have a wonderful evening 😀............
Bullish
Bullish

Stock_Barber

04/15/24 10:44 PM

#342927 RE: Jetmek_03052 #342899

My thoughts/highlights on the 10Q:

During the three-month period ended February 29, 2024, the dilutive securities amounted to 172,889,284 shares of common stock and related to convertible notes.

The Company’s accounts and receivable as of February 29, 2024 and August 31, 2023 and revenues for the six-month period ended February 29, 2024 and February 28, 2023 are primarily from four customers.

The aggregate schedule maturities of the Company’s loans payable outstanding as of February 29, 2024 are as follows:
Due in 2024 $2,780,676 (Where are they going to get that?)

The Company’s convertible debentures consisted of the following:
Convertible notes payable $517,242

The convertible debentures are convertible at ratios varying between 45% and 50% of the closing price at the date of conversion through, at its most favorable terms for the holders, the average of the three lowest closing bids for a period of 5-30 days prior to conversion.

Identifiable assets at February 29, 2024 - $48,830

They state: As of February 29, 2024, a majority of our revenues and assets are associated with a subsidiary located in the United Kingdom.

Then they state assets at February 29, 2024:
US - $107,883
UK - $58,451

Well they do state that it is unaudited... thank God!

Now this is classic: "The Company has analyzed its operations after February 29, 2024 through the date these financial statements were issued and has determined that it does not have any material subsequent events to disclose." None, eh? So the announced "partnership" was not material...

Sales for the last 6 months - $166,334... That is not much different than a hot dog cart! How much is that per employee? Oh right... they don't talk about that anymore!

This filing was just as bad as I expected!

Anyone want to tell me the positives here?