John_Vallay
2 months ago
1 - You say if cash comes in AR goes down.
It's such small numbers because AR is $600,000.
The major problem with BSEG is that AR goes up every quarter while revenues decline. If someone were to do forensic accounting on this situation it would be highly likely and very probable that a good percentage of past revenues did not generate cash flow because the AR invoices were not paid and in some instances the company had to write-off past due AR invoices which clearly revenues should not have been declared.
2 - You say BIDDING is going up.
I am not sure what you are looking at, but let me give you the benefit of the doubt.
Lets say it goes up $0.005 - How much is that for someone that owns 1 million shares. The answer is $5,000 (five thousand).
The issue with this is do you know how hard it would be to sell 1 million shares of BSEG since they have no liquidity.
Paper profit on non-liquid stocks, such as BSEG, is not a real profit and that is the reason most investors stay away from a stock like this one.
And when people stay away from a stock, the stock never goes up. You may have .005+ swings up, but you will also have them downward and at the end, if your not making a real profit, then your losing money even if you have a paper profit. And sicne you can not borrow against OTC stock due to them being illliquid, the paper profit is just like AR that doesn't get paid. THE CASH NEVER COMES, but on paper for an individual, just like a balance sheet for a public company, it has no real value.
DawgTrading
2 months ago
Authorized Shares
350,000,000
10/16/2024
Outstanding Shares
120,578,397
10/16/2024
Restricted
69,127,499
10/16/2024
Unrestricted
51,450,898
10/16/2024
Held at DTC
48,953,200
10/16/2024
Float
51,450,898
02/07/2024
John_Vallay
2 months ago
BSEG stock is down for the year, why would you want to buy this stock now?
Revenues for 6-months ended June were $132,000 with $40,000 in profits. The pizzeria down the street from my home does better so why would you want to buy this stock?
A real public company that would have a real board of directors would terminate the CEO and in BSEG case there would be a serious conversation among the board of directors as to why is this company public. Why are they paying lawyers and auditors, WHY are we public?
A public company, a good public company, must show topline growth every quarter. Companies that are doing less than $50 million should be showing at least double digit top line growth, but triple digit growth is expected especially among companies doing under $25 million in annual revenue.
Based on the revenue history of this company the CEO should really be terminated because she has failed every investor many times over.