How's this for bleeding a company dry? Check ou
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Posted On: 07/23/2024 3:44:32 PM
How's this for bleeding a company dry?
Check out the 1 employee operation's big money grab in 2023 compared to 2022 in the areas of SG&A.
These numbers tell you it was the final scam lap.
That's why there's no sales and no financing available. How this cat gets away with deferring salary is mind-boggling. Where did the 800K go when you put up 45K in sales and have 4,500 in cash left and only 1 employee, no assets, no offices, no shipments, sales?
easy to live high on the hog at almost 70K per month.
2023 Annual Report snippet (from OTC Markets site)
Operating Expenses:
Wages and compensation
2023 - 225,984
2022- 40,458
Professional fees
2023 - 297,401
2022 - 19,390
General and administrative
2023 - 260,923
2022 - 21,125
Total operating expenses
2023 - 784,308
2022 - 80,973
in my opinion
cheers
Check out the 1 employee operation's big money grab in 2023 compared to 2022 in the areas of SG&A.
These numbers tell you it was the final scam lap.
That's why there's no sales and no financing available. How this cat gets away with deferring salary is mind-boggling. Where did the 800K go when you put up 45K in sales and have 4,500 in cash left and only 1 employee, no assets, no offices, no shipments, sales?
easy to live high on the hog at almost 70K per month.
2023 Annual Report snippet (from OTC Markets site)
Operating Expenses:
Wages and compensation
2023 - 225,984
2022- 40,458
Professional fees
2023 - 297,401
2022 - 19,390
General and administrative
2023 - 260,923
2022 - 21,125
Total operating expenses
2023 - 784,308
2022 - 80,973
in my opinion
cheers
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