(Total Views: 123)
Posted On: 05/03/2024 6:51:11 PM
Post# of 13658
Wouldn't hear from SEC until case is clear cut.
On another note, scratching my head, thinking, why would anyone serve on the board of directors with this guy? Especially, knowing the close association with that horrible greedy scheme in the spring of 2020?
Can't help but notice the wizard signing-off on filings as CEO and CFO. Imagine having to sign off, as CFO or Treasurer, on this guy's filings? Poor Turner & Stone too. LOL
remember Karma has been a bitch hunt trying to figure out where nearly a 700K of SG&A (incl professional fees) and 415K in cash advances, with the company doing only 45k of revenue, in first 9 months of 2023. The professional fees should lighting up like a xmas tree. And
KAZI FLAGS FLYING (as company is running out of cash)
2023 - Q3
Cash Advances from related parties - $102K (took place in Q2)
Cash Advances from related parties - $313K (took place in Q3)
Total Cash Advances from related parties - as of Sept. 30, 2023 (9 months) - $415K
Starting Cash Balance at beginning of Q3 - $147K
NET Decrease in cash during Q3 - ($126K)
Remaining Cash as September 30, 2023 - $20.2K
Professional Fees April 1, 2023 thru June 30, 2023 - $33.8K (Q2)
Professional Fees July 1, 2023 thru September 30, 2023 - $266.2K (Q3)
Increased Professional Fees from Q2 to Q3 - $232.8K
Sales = ZERO $0.00
General Administrative April 1, 2023 thru June 30, 2023 - $155.4K (Q2)
General Administrative July 1, 2023 thru September 30, 2023 - $37.9K (Q3)
Decrease in General Administrative from Q2 to Q3 - ($117.5K)
****Warning Flag:
Wages & Compensation (Q2) - $13.5K
Wages & Compensation (Q3) - $118.6K
Increase in Wages & Compensation (Q2 to Q3) - $115.6K
***Looks like and increase in Wage & Salary replaced the decrease in General Administrative from Q2 to Q3??
all that and this was the revenue (see below) associated with $415K in cash advances and $571K in overall SG&A for Q2 and Q3 combined
Q2 Sales = $23K
Q3 Sales = $0
***Looks like a shift from booking heavy General Administrative costs in Q2 to very heavy Professional Fees booked in Q3??
where did all of the money go, but, what do I know??
in my opinion
cheers
On another note, scratching my head, thinking, why would anyone serve on the board of directors with this guy? Especially, knowing the close association with that horrible greedy scheme in the spring of 2020?
Can't help but notice the wizard signing-off on filings as CEO and CFO. Imagine having to sign off, as CFO or Treasurer, on this guy's filings? Poor Turner & Stone too. LOL
remember Karma has been a bitch hunt trying to figure out where nearly a 700K of SG&A (incl professional fees) and 415K in cash advances, with the company doing only 45k of revenue, in first 9 months of 2023. The professional fees should lighting up like a xmas tree. And
KAZI FLAGS FLYING (as company is running out of cash)
2023 - Q3
Cash Advances from related parties - $102K (took place in Q2)
Cash Advances from related parties - $313K (took place in Q3)
Total Cash Advances from related parties - as of Sept. 30, 2023 (9 months) - $415K
Starting Cash Balance at beginning of Q3 - $147K
NET Decrease in cash during Q3 - ($126K)
Remaining Cash as September 30, 2023 - $20.2K
Professional Fees April 1, 2023 thru June 30, 2023 - $33.8K (Q2)
Professional Fees July 1, 2023 thru September 30, 2023 - $266.2K (Q3)
Increased Professional Fees from Q2 to Q3 - $232.8K
Sales = ZERO $0.00
General Administrative April 1, 2023 thru June 30, 2023 - $155.4K (Q2)
General Administrative July 1, 2023 thru September 30, 2023 - $37.9K (Q3)
Decrease in General Administrative from Q2 to Q3 - ($117.5K)
****Warning Flag:
Wages & Compensation (Q2) - $13.5K
Wages & Compensation (Q3) - $118.6K
Increase in Wages & Compensation (Q2 to Q3) - $115.6K
***Looks like and increase in Wage & Salary replaced the decrease in General Administrative from Q2 to Q3??
all that and this was the revenue (see below) associated with $415K in cash advances and $571K in overall SG&A for Q2 and Q3 combined
Q2 Sales = $23K
Q3 Sales = $0
***Looks like a shift from booking heavy General Administrative costs in Q2 to very heavy Professional Fees booked in Q3??
where did all of the money go, but, what do I know??
in my opinion
cheers
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