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Re: johnnycomelately9 post# 56489

Wednesday, 06/22/2016 4:01:39 PM

Wednesday, June 22, 2016 4:01:39 PM

Post# of 57991
no, i'm quite accurate. Last financial report was released in May 2015. Later in 2015 they parted ways with their accountant who was convicted of fraudulent filings and had his license revoked. In January they said they'd be replacing him and submitting their delayed quarterly and annual reports within 90 days (end of March). It's now June and MELY has yet to say a single thing since that January facebook post.

They also announced that they were no longer in the bitcoin mining pool business, so they no longer had even a meager revenue stream. With almost 2M worth of debt due over the course of the last year, I can't imagine that they have much ability to pay these debts, making them effectively bankrupt.
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