Followers | 6 |
Posts | 1139 |
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Alias Born | 05/03/2011 |
Thursday, August 14, 2014 3:15:46 PM
CURRENT LIABILITIES:
Accounts payable $ 66,000
Accrued expenses 23,000
Unearned revenue 69,000
Related party payables 680,000
TOTAL CURRENT LIABILITIES 838,000
I believe a good chunk of the "Related party payables" are back pay for Carl from previous years that he is still owed. It was noted in the 10-K that he is still owed quite a sum for "services" or he can be paid in shares of VSPC.
Rule #1 is never lose money.
Rule #2 is never forget Rule #1.
My posts are my opinions only. Do you your own due diligence.
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