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Identillect Technologies Corp V.ID

Technology Software - Infrastructure
Identillect Technologies Corp. operates through its wholly owned subsidiary, Identillect Technologies Inc. is a software development company that has developed an email encryption software solution. Its activities include research, design, and development of an email encryption solution for use by business and individuals in their day-to-day communication. Its software Delivery Trust is a proprietary email encryption technology targets organizations of all sizes, as well as individuals medical professionals, insurance companies, accountants, lawyers, real estate agents, and educators on a monthly subscription basis. Delivery Trust can be accessed by professionals on a range of electronic communication devices. Delivery Trust integrates multi-factor authentication (MFA) for account login as well as recipient verification. MFA combines two or more independent credentials: what the user knows (password), what the user possesses (token) or what the user is like (biometric verification).


TSXV:ID - Post by User

Identillect Technologies Corp
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Comment by PennyTrader10on Aug 17, 2018 4:04pm
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Post# 28480043

RE:RE:RE:RE:As we are waiting for Q2 Financials

RE:RE:RE:RE:As we are waiting for Q2 FinancialsThis is good info amongst much garbage posted here. Thanks.
Fish153 wrote: At the end of Q1 they also had receivables of 403K. If they are able to collect all of it, then there is no need for PP going into next year.

Fish153 wrote: Hey Mas,

Your bet is pretty close to my estimate as well. My estimate is 221K short of Cash at the end of Q4.

Numbers highlighted in yellow are estimates based on Q1 numbers.

I have estimated Q2 Revenue number based on Q2 NR's and Q1 Revenue.  The Revenue & Expenditure numbers for Q3 & Q4 remain the same as Q2. This is the worst case scenario where they don't increase their revenue at all from Q2. 

2018 Q2 Start Cash $586,681.00
2018 Q2 Revenue $251,697.00
2018 Q2 Expenses -$520,971.00
2018 Q2 Ending Cash $317,407.00
     
2018 Q3 Start Cash $317,407.00
2018 Q3 Revenue $251,697.00
2018 Q3 Expenses -$520,971.00
2018 Q3 Ending Cash $48,133.00
     
2018 Q4 Start Cash $48,133.00
2018 Q4 Revenue $251,697.00
2018 Q4 Expenses -$520,971.00
2018 Q4 Ending Cash -$221,141.00

masfortuna wrote:
LOL Fish.  I am betting they aregoing to be about 300k short which is not a big deal.
Mas
 






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