Shellfish shells for dinner for the crew! That's the shells, not the insides. Our fearless Captain will be the only one eating what little meat there is on this voyage!
Going by memory, I hafe to say it, but we have no revenue for this quarter either. I was hoping maybe $200,000, but it seems even our one and only client, ourselves, abandoned us. PremFina is no longer giving us scraps. Most men have become sharkfood, so I'm glad we are at least part of the food chain. Something about timing of payments again.
On the bright side, our investments have grown in value. Albeit, subjective values. Not sure what's under the hood. But I'm sticking it out and still have .004 as my price target. We also really trimmed costs, as if we couldn't cut anymore. They seem to be in starvation survival mode too. Lightbulbs don't even get turned on around here as you can see by the deafening silence. Martin Graham is getting $45,000. Our only governance. I hope that's not his plan -- just to get an extra $45K a year and do nothing. I hope he has more character. Bundeep is paying himself $200,000 a year of your money. So, that's almost it. There is money left.
There are two options here: They are trying real, real hard to make the milk last as long as it can for htem. Or, they are trying very hard to find a client. And a product, of course. Always hope PremFina may throw is another bone.
Not to be too negative, but Black Insure was written down to zero last year. Still worth zero. Their site went offline. Seems like they didn't pay their bill. But now it's back up. As if somebody paid a bill. It still says Launching in 2020. Not sure what that means. Does Risto have no shame? Well, now is a good time for intermission. let's look at the Risto dance as he happily jumps up and down, celebrating his windfall of our money. Not once, but twice, mind you:
Well, I can't find it . But it is out there. He is way too happy with our money in hand. So, therefore, I want to see our warrants expire in October. I want all those investors that participated in that round of financing to ask themselves this question: Why did I give Bundeep my money? Why did I become an endorsement for this? What is Bundeep doing to make this right? Would I be better off paying a landscaper $200,000 a year? Would I win yard of year each year if I did so?
There is a 50/50 chance in my eyes that they are still trying to keep the lights on for a good cause. I am staing invested and buying lower for the possibility that PremFina does a reverse merger into us one day. And/or Ideo Labs produces a lightbulb momeht. Insiders did put up their on money as well, so they can and should lose it all if they don't find a feast. It's a big ocean, but they don't seem to know how to fish or cast a net. So, I don't know what they are doing. Seems like they set their bar too high and tried ot do too much? Maybe think about opening a little Pirates Cove and serve catfish somewhere? At least have a cash register somewhere that goes cha ching one a week, maybe? Is it asking too much?