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OK, I’ll bite!As the days, and weeks, and months roll by, as Elizondo’s deeds are revealed, I can picture a bust of Elizondo atop a Ufological hill.
OK @S.R.L. , as long as we are up there on your urological hill, shall we sing along with Paul here and dedicate the bust of our new guru Waldo Elizondo?As the days, and weeks, and months roll by, as Elizondo’s deeds are revealed, I can picture a bust of Elizondo atop a Ufological hill.
OK @S.R.L. , as long as we are up there on your urological hill, shall we sing along with Paul here and dedicate the bust of our new guru Waldo Elizondo?
I recall Alejandro Rojas telling us on The Paracast that Mr. Elizondo is dealing with some health issues right now, so I presume that's why he can't make it in person.But not in person.
Luis Elizondo will appear at the Ufo Congress this February. You can pose all the questions you like if you attend.
Folks, sorry to be the cause of so much discord among members. I am a private person. For those who already know, I will be in surgery and sadly unable to attend any forums for at least a month (hopefully sooner). Despite what some may think, this is not "careful dodging" on my part, I have had this scheduled for some time and I will be under the care of my wife and daughters while recovering.
Also, I regret that my actions have been misinterpreted as anything other than genuine and sincere by some. However, there is certainly a difference between constructive criticism and disgruntled "provocateurs".. I hope cooler heads will prevail for all of our sake when studying this phenomena. Afterall, it's up to you to take the ball to the finish line at this point. I also ask that you continue to ask the hard questions but in a constructive manner and not assume pretense, motivation, or intent of individuals who you have never met. I do not believe it is helpful to the overall effort and it hurts our collective credibility by jumping to presumptions. Everyone has something to contribute. And lastly, my recommendation would be save the mashed potatoes for a worthy cause like Thanksgiving or shepherd's pie...
Also, I regret that my actions have been misinterpreted as anything other than genuine and sincere by some. However, there is certainly a difference between constructive criticism and disgruntled "provocateurs".. I hope cooler heads will prevail for all of our sake when studying this phenomena. Afterall, it's up to you to take the ball to the finish line at this point. I also ask that you continue to ask the hard questions but in a constructive manner and not assume pretense, motivation, or intent of individuals who you have never met. I do not believe it is helpful to the overall effort and it hurts our collective credibility by jumping to presumptions.
I am not a company man per say so I will explain it as it was explained to me.
First, the corporate structure you are referring to is a "B" corporation which deals primarily for public bennefit. Very few of these exist because of the additional requirement and oversight required to demonstrate some sort of "public good" a company is alligned to. The DPO was an effort to allow anyone and everyone to join the fight. As you probably know, an IPO is usually limited to a select few and angel investment could jeopardize our abilite to remain focused on the research.
Second, the purpose is not to "make money", instead the company is trying to "raise money" so it can conduct the research and modeling to bring the various applications forward to a mature state.
https://www.sec.gov/Archives/edgar/data/1710274/000114420417065376/tv482047_1sa.htmRevenues increased to $683,946 from $520,486 for the six months ended June 30, 2017 and 2016, respectively. Revenues increased primarily as a result of product releases, namely a special edition of vinyl albums under a limited license and trade paperback versions of previously released novels.
Cost of revenues increased to $497,448 from $305,935 for the six months ended June 30, 2017 and 2016, respectively. Cost of revenues increased primarily as a result of the increased price of vinyl albums due to license fee.
General and administrative expenses increased to $25,038,810 from $259,532 for the six months ended June 30, 2017 and 2016, respectively. General and administrative expenses increased primarily as a result of stock-based compensation expense related to the grant of 9,000,000 options and 2,500,000 shares of common stock under the Company’s 2017 Stock Incentive Plan.
Sales and marketing expenses increased to $158,217 from $78,118 for the six months ended June 30, 2017 and 2016, respectively. Sales and marketing expenses increased as a result of higher advertising and promotion costs, primarily related to the Company’s Regulation A offering.
...
We have an accumulated deficit at June 30, 2017 of $26,248,900. We expect to incur substantial expenses and generate continued operating losses until we generate revenues sufficient to meet our obligations. At June 30, 2017, the Company had cash of $70,784. The Company is currently raising additional funds through a Regulation A offering to finance its operations.
...
NOTE 2 – GOING CONCERN
The accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company has incurred losses from operations and has an accumulated deficit at June 30, 2017 of $26,248,900. These factors raise doubt about the Company’s ability to continue as a going concern.
During the next twelve months, the Company intends to fund its operations through the sale of common stock to third parties through its Regulation A offering and other means of financing as available. If we cannot raise additional short-term capital, we may consume all of our cash reserved for operations. There are no assurances that management will be able to raise capital on terms acceptable to the Company. If we are unable to obtain sufficient amounts of additional capital, we may be required to reduce the scope of our planned operations, which could harm our business, financial condition and operating results. The financial statements do not include any adjustments that might result from these uncertainties.
Less Than $5 Million Raise
If the offering size were to be less than $5 million and above the $1 million minimum, TTS AAS would adjust its use of proceeds by reducing planned growth of employee headcount, reducing operational costs, and slowing down projects or not making investment in projects. The company is also required under the loan to Our Two Dogs, Inc. to repay 10% of the net proceeds from funds raised in this offering, up to $400,000 in this scenario.
What would you suggest?However, with that said, we recognize full well how in the absence of data, the void will be filled by something else.
Please for give me, but I am not clear on the question? I am willing to respond but I am not certain what you are asking me...please restate so I can try and provide you with a meaningful response.
Also, I will have limited access to a mobile device so if I don't respond immediately, please do not take it that i am ignoring members...
Hello Lue,Folks, sorry to be the cause of so much discord among members. I am a private person. For those who already know, I will be in surgery and sadly unable to attend any forums for at least a month (hopefully sooner). Despite what some may think, this is not "careful dodging" on my part, I have had this scheduled for some time and I will be under the care of my wife and daughters while recovering.
Also, I regret that my actions have been misinterpreted as anything other than genuine and sincere by some. However, there is certainly a difference between constructive criticism and disgruntled "provocateurs".. I hope cooler heads will prevail for all of our sake when studying this phenomena. Afterall, it's up to you to take the ball to the finish line at this point. I also ask that you continue to ask the hard questions but in a constructive manner and not assume pretense, motivation, or intent of individuals who you have never met. I do not believe it is helpful to the overall effort and it hurts our collective credibility by jumping to presumptions. Everyone has something to contribute. And lastly, my recommendation would be save the mashed potatoes for a worthy cause like Thanksgiving or shepherd's pie...
Look in the mirror.In the absence of data, what would you propose to fill the void?