GREY:EDYYF - Post by User
Post by
suomynonaon Oct 27, 2020 12:51pm
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Post# 31788943
HOW IS THIS NOT OUTRIGHT FRAUD?
HOW IS THIS NOT OUTRIGHT FRAUD? The subject question was posed earlier this year (see below), and the best response is... Who said it's not?
Hell, even if they were to receive the revenue for this one piece of the alleged Puerto Rico project (materials for 16k houses) the stock price would double or triple just due to the market finally seeing some execution and actual income instead of constant chatter about "immense potential."
These latest NRs about Brevet are fine but all the wording still amounts to "future potential" with regard to buyers of EHT products and sources of income. The NR essentially says, "We made a deal with Brevet to finance the production of products we don't yet have buyers for."
"Housing Material orders that are currently being negotiated" (more future potential)
"pursue new orders." (That's rich... pursue "new orders" when they don't even have current orders since they are still being negotiated.)
"we will have products ready for sale within 90 days" (So they haven't had products ready for sale since they first announced the Puerto Rico deal in Feb. 2018?)
Remember they allegedly made a 2/2018 deal for 67 solar systems PER MONTH at $16k each? This was supposed to continue through 6/2018. That would have been a total of 335 systems for revenue of $5.36 Million. However, audited financials for FY 2018 shows $813k in revenue (and a net loss of $2 Million!) Curiously, there is no mention of either "Puerto Rico," "Brieke Family Assets," or "CAT 5 Solar and Microgrids" anywhere to be found.
They announce actual orders and provide specific dollar amounts that should see millions in revenue on the books, but it never materializes in the financials.
Sincere question:
HOW IS THIS NOT OUTRIGHT FRAUD?