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Alias Born | 05/03/2011 |
Monday, May 23, 2016 5:35:22 PM
Total assets declined by 50% from same time last year. $64,000 current vs $120,000. ($10,000 of which is cash or equivalent, $54,000 is "prepaid expenses")
Total liabilities increased from $869,000 to $904,000 from the same time last year.
Revenues, if you can call them that, remained $15,000 vs the same time last year.
Selling, general and administration costs for the quarter increased by 50% vs the same time last year, $312,000 vs $177,000.
Quarterly loss increased $100,000 vs same time last year.
The value of the Almaden Energy Group holdings decreased to $30,000. Almaden isn't producing anything, hence why the value is dropping like a rock.
Company issued 50,000,000 shares ($175,000 worth of stock) to SOMEONE for a "future funding source".
As of March 31, 2016, there were 2,197,951,343 shares of common stock outstanding.
As of May 17, 2016, the Company had remaining availability under the note (from Kevin Schewe) of $185,000.
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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