Growth in revenues is a good thing. However, reme
Post# of 17653
Posted On: 11/25/2014 9:21:58 PM
Growth in revenues is a good thing. However, remember that if McHenry collects those revenues there are even more payables due than receivables to collect. That is not a good thing. I do not see how he affords to pay for the audit and SEC registration without obtaining capital. To do that he would have to fund with selling shares or borrow money from himself or someone else which usually comes at a steep cost.
Another thing is I just read on here that McHenry borrowed funds in Q1. But filings show notes payable is the same amount as the end of last fiscal year. So I don't see that being possible. Only expenses paid were interest expenses and 23,000 in general and administrative. I don't see any evidence of a loan. Anyone care to explain where that information came from? Thanks.
Another thing is I just read on here that McHenry borrowed funds in Q1. But filings show notes payable is the same amount as the end of last fiscal year. So I don't see that being possible. Only expenses paid were interest expenses and 23,000 in general and administrative. I don't see any evidence of a loan. Anyone care to explain where that information came from? Thanks.
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