Just The FactsSlow down folks.
This back and forth is entertaining, but misses the point.
From my perspective I am a data driven evidence based investor.
It isn’t the shorts or bashers that are the problem-this stock has minimal shorts.
It isn’t the pumpers.
What really matters is the data.
Let’s focus on the numbers, and what the management says in documents to regulatory authorities’ (correct me if I have stated this incorrectly-please)
I am just providing data-facts-from the companies financials
From the Management
‘If this is bashing the management is Bashing or pumping.
So to the point:
The story is that The Company has purchase orders and has committed to supply VMS+3.0 machines with expected revenues that COULD be material.
But where are the revenues???
If you look at the financials to date, there have been no revenues, from the most recent financials.
This is not bashing this is simply factual..
Revenues from sale of product on the most recent financials are ZERO.
Operating expenses for the last 9 months = 2,031,322
Net loss for the. 2,783,452
But look at the breakdown of costs:
General and administrative costs 2,031,322
Sales and marketing = 189,344
So all that money spent, but less that 10% spent on sales
Meanwhile the only money is coming from the share printing press as there is massive share dilution:
Weighted average number of common shares 137,688,731 VS SEP 2020 69,790,930
Yup dilution means in a year half the company is diluted-so divide the share price in two-so we are back in the teens (IF THERE ever is a buyout- this will matter, but thats a huge if given no sales, and just 'instalments" and of course discussions, meetings, plans...
All in all what does the company say?
“There is no certainty whether the Company will generate significant revenues or attain profitable operations in the near future and there can be no assurance that it will achieve profitability in the future, as it incurred a loss of $2,784,454 and had a negative cash flow from operating activities of $2,002,316 for the nine months ended September 30, 2021, and has accumulated $42,651,636 of losses as at September 30, 2021. The Company's ability to continue as a going concern is dependent on its raising of future required capital, bringing its products to market and achieving and maintaining profitable operations. The outcome of these matters cannot be predicted at this time. As a result there exists a material uncertainty which creates significant doubt regarding the Company’s ability to continue as a going concern”
www.sedar.com
all IMO and dont believe me or any of the pumpers here
Hey they will tell you -sales are coming, buyout coming, what buyout price do you think??
We all knmow what we have....
The China alliance...
The GE alliance...
Always forward looking but ZERO DATA to support these claims.
=Dont forget the pets,the children.....
and its only going down because of tax loss selling...
BUT
and oh yeah-if you bought at 7 cents...(yeah what if you bought like most at .60 or more, and were waiting with dead money for years)
Which is it ?
A gain or a loss?
Youi canty have it both ways!
There is always someone on the other side of the trade.
caveat emptor.
Dont believe me-or anyone on these boards
Trust in the data!