Replies to post #15906 on CarbonMeta Technologies Inc (COWI)

[StockPrez]

All I'm stating is because of the extremely low o/s, this will become a multi-bagger in the short term. In the mid to long term, this may not be a good play to be in. I just trade stocks. I don't invest in them.

[golfer123]

OK time for a follow up on this post per the 10Q filed today:

Company issued 193 million shares in the prior quarter

They talk about cost cutting measures, let's take a closer look at the results

Cost of sales increased from 75% to 80% of revenues

G&A went down $4952 but increased as a % of revenue from 47% to 80%

Sales and marketing expense decereased $11.5K but increased as % of sales from 17.6% to 25.5%

Guess the company is still blowing smoke up your butt


Quote from 10Q

Operating expenses were $250,181 during the 2012 Period compared to $274,784 during the 2011 Period. General and Administration expenses were reduced by 2.7% to $177,636 in the 2012 Period compared to $182,588 for the 2011 Period as the Company continued to reduce its executive compensation and public company expenses. Sales and marketing expenses were reduced by 16.8% to $57,236 in the 2012 Period compared to $68,824 for the 2011 Period as the Company further refined sales compensation plans to bring them in line with the Company’s cost of sales objectives.

Yeah, but Lloyd if you were a competent CEO you might realize that decreasing you costs is good, unless they increase as a % of your revenue. Guess it's a good thing their revenue didn't increase (sarcasam)