Post by
MichaelRrrrr on Dec 01, 2024 8:12am
We need to #$#@ or get off the pot
Our Q3 is out. To me, it makes our PRs seem misleading. Those 6 digit figures don't show up anywhere from our PRs. They get close. They must be backing something small out. But it's all small from what we spend in salaries alone.
Basically, they have it hiding in "other income".' Our Revenue is only $65,000 if I recall. We get close to the $250,000ish figure they put in the PR by adding in other income. Which is a little interest income and some consulting fees. Which suggests that it's not recurring to me. They have normal revenue as "consulting" fees, but they also have the largest chunk of other income as "consulting fees." Which suggests that those consulting fees are not going to be recurring in my eyes since they are listed in an area that's not for normal business operations.
And then they said our costs were also around $250,000ish. There is nothign in our expenses anywhere close to that number. I don't know where they are pulling that out, unless they are implying that was their labor costs or something for the other income. Backing it out but you can't tell anywhere from our financials where they pull that from. Instead, we blow through millions with little to show for it. The other income barely makes a dent.
WE NEED TO GET OFF THE POT and scale the recurring revenue. And get exciting. Release all these mystery products. What happened to the Music NFTs? What happend to the ETFs? We need projections, Bundeep, and you need to show a runway. It's time to stop talking and DO SOMETHING. Wee need to #%#@ or get off the pot!