Beleave Inc BLEVF

RELIANCE OF MANAGEMENT (remove 'adverse' and I agree)

[Wallhalla]

The success of Beleave is dependent upon the ability, expertise, judgment, discretion and good faith of its senior management. Any loss of the services of such individuals could have a material adverse effect on the Company's business, operating results or financial condition.

[Nuclearman]

I have no words for this I expected better. I forsee bankruptcy as a highly likely situation. What do you guys think?

[Eastcoaster16]

Revenue will not increase until the expansion is completed

[Wallhalla]

When? They said October amd they have been silent since. quote=Eastcoaster16]Revenue will not increase until the expansion is completed[/quote]

[Azt3kk]

It honestly all depends on the sale of the london property

[Wallhalla]

It costs them $1.47 (COGS - $1,111,950) to generate $1 in sales (Revenues $754,423).  This is not sustainable, even with funding.  The expansion needs to be much more effecient for this company to survive.  Until then we are better off not growing or selling anything.