The June 30, 2023 SEC filing reveals a lack of revenue, despite the company's claim of having 7.1 million users of their app. Mr. Giri candidly acknowledges the company's non-profitability since 2019, with an interim 2023 net loss of 1.221 million, promising profitability in the coming five years. In September 2015, Mr. Govinda Giri, the CEO of Sagoon Inc, forged a partnership with his longtime associate, Mr. Laxman Pradhan, a certified public accountant (CPA). Together, they expediently established Sagoon Investment LLC in the state of Maryland, with Mr. Pradhan acting as the company's designated agent.

Sexy In Sari · Oct 22, 2023 11:01 PM

During the brief period between September 1, 2015, and December 31, 2015, Sagoon Investment LLC orchestrated a financial transfer, funneling a substantial sum of $96,000 as an investment into Sagoon Inc. It's worth noting that the operation was conducted using the residence of Mr. Giri, the CEO and founder of Sagoon Inc, as the company's purported office location. This historical context sheds light on the intricate web of deception that envelops Saigoon Inc. It underscores the necessity for potential investors to conduct meticulous due diligence when considering involvement with such entities.

Sexy In Sari · Oct 22, 2023 11:05 PM

Sagoon Inc's co-founder, Kabin Sitoula, has taken on a different role as a real estate agent. This transition raises questions about the company's profitability and the need for co-founders to pursue alternate careers. If Sagoon Inc were genuinely profitable and successful, it would be unusual for a co-founder to engage in real estate. This situation could prompt investors and stakeholders to seek further clarification and due diligence regarding the company's financial health and operations.

Sexy In Sari · Oct 22, 2023 11:20 PM

The doc provides details of how much money Nepalese-American business people has invested in this company. When I saw the name of the Liquor store owner in Maryland, I was shocked. I thought he was a smart guy. He could have invest that much money with Goldman Sacs. If you have known anyone who wants to invest in this company, let them know, stop them from investing.

Sexy In Sari · Oct 22, 2023 11:32 PM

....note that co-founder Swati Dayal, based in India, oversees the Sagoon division, which employs 35 software engineers. This division's significance within the company adds another layer of complexity to the overarching questions regarding Sagoon Inc's financial health .. it has come to our attention that Sagoon Inc's Indian headquarters is situated in two small rooms that are insufficient to accommodate even four employees comfortably. This fact raises further questions about the company's operations and the viability of its business model.

Sexy In Sari · Oct 23, 2023 10:19 AM

The company's incorporation in Delaware while having its offices in various locations, including Virginia, Nepal, and India, adds complexity to the legal process, requiring an examination of the jurisdictional aspects involved in pursuing such charges. In addition, it is conceivable that the main agency to investigate these matters, including potential civil and criminal charges, would be the U.S. Securities and Exchange Commission (SEC), given its regulatory authority in financial matters.

Sexy In Sari · Oct 23, 2023 1:57 PM