Tuesday, September 30, 2014 1:09:58 AM
Here's the "bottom line" for the false claim of "net profit" for 2012.
Notice the first line in red, a loss from "operations" of $265K and where any "cash" actually came from, "net cash provided by financing activities" of $278K at the end.
Quote:
Net cash provided by Operating Activities -265,411.72
INVESTING ACTIVITIES Furniture and Equipment -788.21
Shell Coroporations -10,000.00
Net cash provided by Investing Activities -10,788.21
FINANCING ACTIVITIES Accumulated Deficit -27,123,815.00
Common Stock 236,236.00
Paid in Capital 27,165,995.00
Preferred 6,535.00 Preferred stock buyback -6,600.00
Net cash provided by Financing Activities 278,351.00
The rest of the claims of "net profit" prove those claims to be false also just by the "term" changing from "net profit" to "net income." Be careful people, some are trying to mislead and misrepresent the numbers by using terms like "net profit."
All investors have to do is look at the actual numbers instead of believing in "DD" that is meant to mislead investors.ROTFL-"net profit" suddenly changes to "net income" when a link is provided. ROTFL.
Here's the "bottom line" for the false claim of "net profit" for 2012.
Notice the first line in red, a loss from "operations" of $265K and where any "cash" actually came from, "net cash provided by financing activities" of $278K
Quote:
Net cash provided by Operating Activities -265,411.72
INVESTING ACTIVITIES Furniture and Equipment -788.21
Shell Coroporations -10,000.00
Net cash provided by Investing Activities -10,788.21
FINANCING ACTIVITIES Accumulated Deficit -27,123,815.00
Common Stock 236,236.00
Paid in Capital 27,165,995.00
Preferred 6,535.00 Preferred stock buyback -6,600.00
Net cash provided by Financing Activities 278,351.00
The rest of the claims of "net profit" prove those claims to be false also just by the "term" changing from "net profit" to "net income." Be careful people, some are trying to mislead and misrepresent the numbers by using terms like "net profit."
All investors have to do is look at the actual numbers instead of believing in "DD" that is meant to mislead investors.
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