Question 1

Your valuation looks high, can you please explain your justification for $10mm at this early stage?

Accepted Answer

Thanks for your question. It is a good one. I’ll try to explain our early stage market valuation this way. 1. We have thousands of customers who have either ordered our Blazntech kits either on back order and/or they have told us that they want to buy them for resale in their many gun stores. 2. We have many US military and law enforcement departments that want our tools and kits for their own firearms operations. 3. We are also enjoying an increasing interest from our international Blazntech...

Question 2

How many units total have you sold to date?

Accepted Answer

You ask a good question. We’ll try to explain all here. 1. We’ve sold-out over a 1,000 units during our R&D stage. For our production stage, we plan to sell hundreds of thousands of Blazntech tools and kits. 2. During our early stages of development, we were often trial and error our way to a good invention. We adjusted our key components as much as necessary to deliver an effective product. 3. The housing, motor, circuitry and battery components have been sourced through reliable origina...

Question 3

Can you speak more about the demand from military and law enforcements? Can you mention names? Do you have letters of intent? Right now on ~$100,000 in revenue, a 100X valuation of that is very high. Really cool product though.

Accepted Answer

Thanks for your questions, Preet. We agree with you that when most military, law enforcement, and serious shooters play this our Blazntech tool and kit, they think that is really cool too! That said, Blazntech is the new cool tool for gun cleaning, period! There is nothing else like it on the market anywhere worldwide. Our Blazntech weapons cleaning system is the fastest and easiest way to clean your dirty guns that you will ever use. No other gun cleaning kit on the planet has been modernize...

Question 4

Can you clarify this answer about your raise: "The great thing about our Blazntech Wefunder campaign is that our investors help us determine the true market price for our Blazntech products and offerings. For example, we are offering 10% of our Blazntech company preferred stoc...

Accepted Answer

Preet, What I meant by this is that Blazntech is offering a 10% preferred share equity through this Wefunder offering. This 10% is Blazntech equity fixed. But the amount that we raise on Wefunder is variable. It could be a low of $50,000 to a high of $1 million. The Wefunder market value in many ways determines Blazntech’s fair market value by its investors. For instance, if we raise only $50,000 on Wefunder and that is 10% of our company, that equals a fair market valuation of $500,000. If w...

Question 5

When do you anticipate investors receiving their initial investment back?

Accepted Answer

Mark, The short answer is that we do not know. However, we plan to repay our investors two ways. First, As our products production ramps up, we plan to make periodic stock dividend distributions. That is the income part of your Blazntech investment. Second, As Blazntech gains more marketplace traction, we’ll likely become more attractive to larger firearms industry players and/or private equity firms. When we get the right offer to sell Blazntech, that will become our exit event. From my rese...

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Weapons maintenance without weapons disassembly

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