Posted On: 11/08/2014 3:27:48 AM
Post# of 30038
Re: brickbybrick #10229
large accounts payable increase (927k as of 12/31/13, 2.3m as of 9/30/14) ... BUT a huge drop in total liabilities .... 3.9m as of 9/30/14 compared to 8.5m for year ending 2014.
The large drop in liabilities was primary attributed to the cessation of the derivative liabilities....(5.9m to 0) - which, I believe was the goal of restructuring the redemption previsions of the Series D preferred shares to increase shareholders equity in prep. for uplist.
The large drop in liabilities was primary attributed to the cessation of the derivative liabilities....(5.9m to 0) - which, I believe was the goal of restructuring the redemption previsions of the Series D preferred shares to increase shareholders equity in prep. for uplist.
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