Bounce Mobile Systems, Inc. (BNCM) Posts Attorney's Opinion Letter

Bounce Mobile Systems, Inc. (BNCM) Posts Attorney's Opinion Letter

May 3, 2022 - BNCM posts its Attorney Letter with Respect to Current Information in OTC Markets Group on April 9, 2022. The said letter states the legal opinion of Vic Devlaeminck of Vancouver, WA. 

The following are some excepts from the Opinion: 

"In my review, I have met with the Board of Directors and management of the issuer and have relied upon the representation of management and officers whom I believe to be reliable sources. I have reviewed the issuer's corporate records including the following: 

                 - Annual Disclosure Report for the year ended December 31, 2020, as amended, (posted June 26, 2021)

                 - Quarterly Disclosure Report for the period ended March 31, 2021, as amended, (posted June 26, 2021) 

                 - Quarterly Disclosure Report for the period ended June 30, 2021, (posted August 13, 2021)

                 - Quarterly Disclosure Report for the period ended September 30, 2021, (posted October 27, 2021)

                 - Annual Disclosure Report for the period ended December 31, 2021, (posted March 23, 2022)"

"...These financial statements have not been audited or presented as such. They were prepared by me. I am a CPA with over 35 years of experience preparing financial statements and other financial information for a wide variety of public and private corporations, among others, and am well qualified to prepare these financial statements." 

"OTC Markets, Inc. is entitled and authorized to rely upon this letter in determining whether the issuer has made adequate information publicly available within the meaning of Rule 144(c)(2) under the Securities Act of 1933." 

The Attorney's Opinion letter follows after the Annual Reports were posted on March 23, 2022, reflecting strong growth and revenue results of $43,896,626, Net Operating Income of $10,085,297, and Total Assets of $94,039,459. BNCM's assets are composed of over $8.3M of shares receivable and cash on hand, while its non-current assets of over $85.695 are composed of investments in Acquired Companies and Digital Assets of Security Tokens and Non-Fungible Tokens (NFTs). 

About Bounce Mobile Systems, Inc. (OTC: BNCM)

BNCM is an Asset Management Company that secures its assets by investing in companies with strong growth potentials, robust revenues, significant profits, proven track records, and promising business models with highly experienced management teams that will exceptionally qualify for quotation and or listing on the OTC and or NASDAQ markets within the next 2 to 3 years. The growth of these companies will directly provide more employment opportunities to the communities, improve the economy of the country, and bring greater social change to humanity. 

www.bncm.net