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Posted On: 10/30/2024 9:54:53 PM
Post# of 12966
Re: Wallstreet1234 #11842
Some just step in it all of the time
Can you imagine a company needing to deconsolidate its assets, write off 3.1 of debt and shitcan its most highly promoted subsidiary for years? That was before even trying to find one of the company’s stated/tweeted 19 other states accepting advanced recycling. Then the wizard’s famous bullsh#t tweet, about other states being under review, in July 2022 (after appeal denied). But, did the company already decide to use the deconsolidation rule for 2021 which forced a 10-K corrected filing for 2021. All the while snpw’s only revenue source is getting destroyed on its way to zero >>>> just to be able to pound your chest about debt being lower three years later?
When a company makes nothing, distributes nothing, ships nothing, sells nothing and has no office or warehouse with 1 employee >>> its debt better be lower than previous year(s). But, even that sorry real scenario, snpw’s mightily transparent ceo still managed to piss away nearly $1 million on mysterious unknown (for now) SG&A during a year that included zero sales and revenue.
Maybe I’ll email the company to inquire about what the nearly $1 million of SG&A, from January 2023 through June 2024, was used for? And how many convertible shares were handed out to be able to use the cash from conversions?
in my opinion
cheers
Can you imagine a company needing to deconsolidate its assets, write off 3.1 of debt and shitcan its most highly promoted subsidiary for years? That was before even trying to find one of the company’s stated/tweeted 19 other states accepting advanced recycling. Then the wizard’s famous bullsh#t tweet, about other states being under review, in July 2022 (after appeal denied). But, did the company already decide to use the deconsolidation rule for 2021 which forced a 10-K corrected filing for 2021. All the while snpw’s only revenue source is getting destroyed on its way to zero >>>> just to be able to pound your chest about debt being lower three years later?
When a company makes nothing, distributes nothing, ships nothing, sells nothing and has no office or warehouse with 1 employee >>> its debt better be lower than previous year(s). But, even that sorry real scenario, snpw’s mightily transparent ceo still managed to piss away nearly $1 million on mysterious unknown (for now) SG&A during a year that included zero sales and revenue.
Maybe I’ll email the company to inquire about what the nearly $1 million of SG&A, from January 2023 through June 2024, was used for? And how many convertible shares were handed out to be able to use the cash from conversions?
in my opinion
cheers
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