Recent developments...hmmm
Diluted 1.3 billion shares in 2 months, then the CEO expected everyone to be giddy that he burned 700 million shares he said he paid $80,000 for right after he gave himself a $220,000 bonus to buy billions of shares at .0001/.0002.
CEO keeps talking about a "plan" to buyback "up to" $2 million worth of shares, but doesn't mention how he intends to fund that when there is only $130,000 cash on hand, revenue is collapsing, and losses are piling up to the tune of about $4 million for this year alone and $11 million total.
CEO keeps talking about a "plan" to reduce the OS, but doesn't mention how he can keep up with not only a $2 million buyback, but also daily payments on a $175,000 loan at 59% interest, $2 million to the IRS, payroll on $2 million in accounts receivable, plus 12 months worth of cash installments on $1.7 million in cash agreements for over $3 million in late toxic obligations.
CEO first tried promoting "crowd funding", but when that got burned up in the barrel with the share burning stunt he shifted to promoting an app that is supposed to revolutionize the labor industry. An app that basically expects clients who need streamlined "on demand" service to jump through hoops to find qualified candidates and somehow appreciate that more than simply calling a Labor Ready office to coordinate and send proven candidates at a specified time.
The CEO says he has paid off a toxic note since November, but he has 10 pages of late toxic notes to clear from the last quarterly report and he hasn't released anything officially declaring a note 100% satisfied, which is really strange because he used to do that regularly, so why not now?
What did I miss?
