dynaCERT Inc T.DYA

DYA and KarbonKleen - Hmmm

[simpliciti]

So,
July 2nd, 2019 KK delivers PO to DYA for 100 units complete with Deposit.

August 20, 2019 KK delivers second PO for 300 units for a total of 400. KarbonKleen has paid in full for the first 150 units and made the required deposit for the remaining 250 units.

So let's say the USD wholesale price with discounts for the "preferred" dealer is USD $3800.
And lets also say that the deposit given was 50% of the dealer price or  $1900

150 Units X $3800 = USD $570,000
250 Units X $1900 = USD $475,000
Total                       = USD $1,045,000

Fast Forward to May 11, 2020

DYA announces an investment in KK that is very, very close to the total value of what they paid dynaCERT in 2019! The difference could be explained away by as little as a couple hundred bucks per unit on the dealer price. 

NO new KK business has been announced since May 11 2020. Not a peep. 

KK is down to 1 employee according to its LinkedIn Page
KK has taken down old pages that showed installations and "customers"

Was the "investment" by DYA (using DISH) really nothing more than a refund?

Could it be that none of the units shipped to support KarbonKleen's efforts worked as advertised?  I sure hope not. 

If that's the case then I suspect we will see another restatement of financial statements.....

The company can clear all of this up by providing a status report on:

• the 400 unit order,
• the 3000 unit order
• the status of Velociti as the US tech support provider for KK
• the status of the units shipped to Mexico

And for good measure.....

• the status of the units shipped to Germany in support of Mosolf (also from 2019)

 

[iceman]

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