GREY:CLRYF - Post by User
Comment by
JCMatt60on Sep 20, 2013 2:05am
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Post# 21753701
RE:Of course JC is not an insider.
RE:Of course JC is not an insider. I'm on the west coast Kobe. Not time to sleep yet.
Did some more digging and found the interim financial statement on Sedar, dated Aug 28/13. Confirmed my suspicions and interestingly didn't conflict with anything Vet said either. My conclusion:
1. No revenue.
2. ZAIO aquired rights from ZDS (right name?) in the US since ZDS cannot report revenue. Always good to have a sales channel that can't provide any reporting on how they are doing.
3. Financial statement is full of debentures, warrants, options, financing, bridge financing. So much that my head is dizzy.
4. Seems to me that ZAIO is bleeding cash and cannot report revenue or a sales/marketing plan.
5. The people who seem to be earning money from ZAIO are the agents handling all of the private placements and other interim financing (tongue somewhat in cheek).
Hopefully this note confirms that I am far from an insider and more than a bit skeptical if ZAIO can market and sell their product/service. Maybe I'm missing something but the entire organization seems to be more focused on moving money around and securing financing than running the business.
I think I'll stay on the sidelines for awhile.