It is also a fair point about time of transfer being so close to the end of the month, so the building may not have been recorded as an asset until April.
SORRY TO THROW WATER ON THEORY, but the accounting treatment of the building transaction would show a simultaneous transfer of the SPRV Preferred Series A shares and the transfer of the building property deed! These are not mutually exclusive activities.
If one were to buy a house, the house belongs to buyer the day the buyer signs the closing documents...not before, not after!
We would be buried in BS about the building not being acquired based simply on the absence of that one line.
LOL! The "ONE LINE", which would show the SPRV shareholders actually own something!
So now it appears the SPRV official quarterly accounting documents are implicitly being deemed a BLATANT "LIE" and SPRV is tacitly being accused of perpetrating ACCOUNTING FRAUD.
WOW! These accusations must really please the shareholders, who were expecting to see a $10,000,000 building on the Balance Sheet!
Sorry, but it would ridiculous and stupid to "IGNORE" the Company's official accounting records, which by law are specifically disclosed to apprise the shareholders, regarding a company's financial condition!
THE BALANCE SHEET IS A PUBLIC CORPORATION'S OFFICIAL STATEMENT OF WHAT THE SHAREHOLDERS OWN AND WHAT THE SHAREHOLDERS OWE! PER THE Q1 FINANCIAL REPORT, THE SPRV SHAREHOLDERS OWN NOTHING!PERIOD!
You would not see a building or a list of building on a balance sheet.
CORPORATE ACCOUNTING 101 (per INC.com):
The purpose of the balance sheet is to reveal the financial status of a business as of a specific point in time. The statement shows what a company owns (assets) and how much it owes (liabilities), as well as the amount invested in the business (equity).
Take note the definition DOES NOT SAY, "Part of the stuff a company owns!"
The Balance Sheet accounts for EVERYTHING a company owns, including BUILDINGS! The Q1 SPRV CONSOLIDATED Balance Sheet shows the Company OWNS NOTHING!
We now have confirmation that the 5 Million Preferred shares have been transferred to close the deal.
NOT CORRECT!!! We now have confirmation that the 5 million Preferred shares have been TRANSFERRED!THE END!
The transfer of the Preferred shares apparently "FINALIZED" NOTHING, because there is NO BUILDING on the Q1 SPRV/1094 Military Trail, LLC CONSOLIDATEDBalance Sheet!!!
You would not see a building or a list of building on a balance sheet. It would end up lumped in under fixed assets.
BULLSHIT!!!
Contrary to the claim, "FIXED ASSETS" is in fact a Balance Sheet line item! Anything of value a company owns will be listed on the company Balance Sheet, but the SPRV Balance Sheet shows the Company OWNS NOTHING!THE TOTAL ASSET LINE, INCLUDING ALL ASSETS IS ZERO!
SPRV clearly stated it finalized the acquistion of a medical office building on March 15, 2021, which, BTW, was during Q1. Obviously the company's statement was an unadulterated load of crap! The touted building acquisition was not only PR'd, but a similar statement was included in the Q1 Financial Report!
SPRV, combined with its purported subsidiary 1094 Military Trail, LLC, OWNS NO BUILDINGS!NOT ONE!
The balance sheet page in the report is also a mess, so I hope they file a corrected report.
Forget the "mess" part!
THE CONSOLIDATED BALANCE SHEET, WHICH INCLUDES SUBSIDIARY 1094 MILITARY TRAIL, LLC, SHOWS ZERO NADA NONE ZILCH ASSETS! THERE IS NO BUILDING OWNED BY THE COMBO OF SUBSIDIARY 1094 MILITARY TRAIL, LLC AND PARENT SUPURVA HEALTHCARE GROUP!THE END!
The Jupiter, FL building, assessed at $10.69Million is the one in the link.
Unfortunately the touted building has nothing to do with SPRV, as it is nowhere listed on the SPRV/1094 Military Trail, LLC CONSOLIDATED Balance Sheet!
The 10 Million Shares are not listed because the number of share is not 5%.
THE CLAIM IS CATEGORICALLY FALSE! Check-out Page 4 of the Q1 Financial Report. If the 10,000,000 shares had been distributed, it would be noted on Page 4.
(PLEASE TAKE NOTE THERE ARE SEVERAL SHARE DISTRIBUTIONS LISTED FOR Q1 THAT WERE NOWHERE CLOSE TO BEING 5% OF THE OUTSTANDING SPRV SHARES!)
The 10 Million Common Shares would only show up if it were more the 5% of the outstanding shares.
WRONG!!!! I suggest some additional DD! Check out the share issuances on Page 4 of the Q1 Financial Report! There is no indication the 10,000,000 shares were ever distributed in Q1!
BULLSHIT!!! A Merger Agreement or Stock Purchase Agreement (SPA) are NOT so-called "business contracts"!
The subject Agreements are NOT DARK SECRETS to be hidden from the company's owners, the shareholders! Mergers and acquisitions directly impact every single shareholder's investment, thus are deemed public information!
WANT PROOF??? I suggest checking out some real companies that are REGISTERED with the SEC. (SPRV IS NOT!) Then checkout the Statement of Material Events related to MERGERS and/or ACQUISITIONS! The terms and conditions, underlying these M&A transactions, are always included!
This lack of public disclosure is exactly why Paul Strickland was able to pull-off the SPRV/Web to Door scam!!!
LOL! It's gotta be special to have 4 MORE buildings in the works, when the first claimed-to-be acquired building is NOT shown on the Q1 Balance Sheet! The first building was purportedly acquired on March 15, 2021!
WHERE IS THE ACQUIRED BUILDING ON THE COMPANY's OFFICIAL STATEMENT OF ASSETS, i.e. THE Q1 BALANCE SHEET???
Acquisition of 1094 Military Trail, LLC.On March 11, 2021, the Company completed its Agreement of Merger and Plan of Merger regarding the acquisition of 1094 Military Trail, LLC.
Once again, Paul Strickland and his "SCRUM OF SCAMMERS" are jerking the investors, shareholders, and and traders around!
Per the Q1 Financial Report, 5,000,000 Preferred Series A SPRV shares were distributed to 1094 Military Trail, LLC on March 31, 2021. The 5 million Preferred shares gives 1094 Military Trail, LLC the equivalent of 1.25 BILLION share votes. It is very interesting to note, the quarterly report verifies SPRV purportedly "acquired" a building on March 15, 2021 and 1094 Military Trail, LLC is a subsidiary of SPRV, but there is NO BUILDING on the SPRV Q1 CONSOLIDATED Balance Sheet!
Is a business combination under common control a way to hide assets?
The Q1 Financial Report specifically states, 1094 Military Trail, LLC is a subsidiary of SPRV and the Q1 Financial Report clearly states the Report is a CONSOLIDATED FINANCIAL STATEMENT! Any Assets owned by either SPRV and/or 1094 Military Trail are purportedly shown in the CONSOLIDATED BALANCE SHEET! The combined Asset line is ZERO! The following was copied directly from Page 14 of the SPRV Q1 Financial Report!
The consolidated financial statements include the accounts of Supurva Healthcare Group, Inc. and its subsidiary, 1094 Military Trail, LLC.
More BS from the same Company that crushed its shareholders with 90% losses following its ridiculous 1-for-10,000 REVERSE SPLIT!
There is virtually NO CHANCE this slug will be deemed Pink-Current any time in the near future! What screwed up MM would ever risk sponsoring a FINRA Form 211?
Adding "other-worldly" share price pumping aspirations in the quarterly financial report is not illegal, but the BS has to be taken skeptically, while considering the source! Keep in mind, BAYP is just another one of long-time OTC scammer Paul Strickland's shareholder ripoffs!
NO IT WON'T!!! The BS about owning a building, when the Company NEVER actually owned a building, will be the kiss 'o death for the pitiful SPRV share price!
well, I'll be, they actually came through?? well, it will be interesting to see how this trades tomorrow.
Just as I predicted and posted! SPRV reported NO ASSETS on the Q1 Balance Sheet! What happened the touted $10,000,000 BUILDING that was purportedly purchased on March 15, 2021????
Liverpool, New York (March 15, 2021) Supurva Healthcare Group, Inc. (OTC: “SPRV”) is proud to announce that the Company has acquired its first medical office building in Jupiter, Florida. John D. Murphy, the Company’s CEO commented, “with the Company’s acquisition of a free standing medical office building, the Company is well positioned to becoming a leader in the fast growing medical office building sector.”
The medical office building (“MOB”) is a two story 31,000 square foot facility built in 2016.
It's NOT ROCKET SCIENCE! When companies own buildings, the buildings have a value that is always shown on the Balance Sheet. SPRV's ASSET LINE SHOWS ONLY ZEROES! Contrary to the PR'd BULLSHIT, SPRV OWNS NOTHING, INCLUDING A BUILDING!
Given all the hype about owning a building, today's long awaited "BIG NEWS" is SPRV HAS NO ASSETS!!! The Paul Strickland "SCRUM OF SCAMMERS" strikes again!
WITH THE NOW VERIFIED FACTSPRV IS NOT a BUILDING OWNER, THE SHARE PRICE WILL CONTINUE FALLING LIKE A ROCK!
Did I miss anything ELSE... or does that about cover it!?
The two posts clearly disclosed the known FACTS about DECN!
The posts provided a accurate macro view of the COVID-19 test kit scam, which has been orchestrated by FRAUDSTER CEO Keith Berman, since March 2, 2020!
How can you possibly pretend to claim this garbage without knowing precisely who holds what stock, and how much they hold, what they did to receive it, and who is selling.
Excellent observations! Maybe the following is the tip of the iceberg in exposing the ATMH SCAM.
December 20, 2019 -- Massimo Travagli receives 2.5 million Preferred Series A shares. The shares are convertible to common on a 1-for-1 basis and entitle the bearer to the equivalent of 500 share votes per Preferred Share. With 2.5 Preferred Series A shares Travagli has unequivocal voting control of ATMH. The other shareholders have absolutely no clout in terms of determining the Company's business direction.
January 20, 2020 -- One month after the 2.5 million Preferred Series A shares were issued to Travagli, the ATMH Board of Directors, which is exclusively controlled by Massimo Travagli, voted to approve a 1-for 200 Reverse Stock Split.
August 5, 2020 -- FINRA approved the name change to ATMH and also approved the 1-for-200 Reverse Split.
August 6, 2020 -- The 1-for-200 Reverse Stock Split was executed, but unlike the common shares, Travagli's Preferred Series A shares WERE NOT REDUCED by the RS. Due to the Preferred's 1-for-1 conversion stipulation, the value of Massimo Travagli's Preferred Series A portfolio's value instantly increased by a factor of 200X!
WHAT A NICE, BUT CORRUPT WAY TO MAKE A LIVING!!!! Also keep in mind, Travagli is being regularly compensated as a "ATMH Consultant"!
It was previously announced Paytogo will launch in Europe in the Summer and in the US in September. That is where the real money is.
We now know for a FACT ATMH's phony $42 million revenue forecast for Fiscal Year 2021 was a complete load of crap!
Knowing ATMH perpetrated SECURITIES FRAUD thru displaying the bogus revenue forecast on its website, when will the investors see even ONE DOLLAR of revenue included on an ATMH quarterly financial report?
Rest assured, I will mark the response to this post for subsequent reference!
Today the investors only see a bunch of ZEROS on the Revenue line, which is contrary to the claims coming from the oft touted POOR EXCUSE FOR A BUSINESS PLAN!
This is the OTC where the stories we hear mean nothing.
As a real investor and trader, SECURITIES FRAUD definitely means something!
The "concern" for investors and traders starts with an SEC Trading Suspension, which leads to the limited liquidity of the Grey Market and a Caveat Emptor designation by OTC Markets.
Moving On Wednesday, 02/10/21 09:00:19 PM Re: None Post #80993
The $42 Million Revenue Forecast FY-2021 was on the ATMH web-site for months.60% of the Revenue is Prepaid Revenue This is huge. This means people will be paying upfront means there are very few receivables as people are loading cards and buying gift cards paying up front.
SURPRISE, SUPRISE! ATMH just posted its FY 2021 ANNUAL FINANCIAL REPORT and there is nothing remotely close to $42 million on the Revenue line!
What load of gargage! As indicated in the post, ATMH displayed a projected revenue figure for Fiscal 2021 of $42 million for several months on its website. THAT WAS THE FRAUD-LADEN SHARE PRICE PUMP! Hope the SEC was taking notes!
After several months, knowing the $42,000,000 was complete BULLSHIT, the Company deleted the FRAUDULENT FORECAST. FYI, the SEC is not a big fan of SECURITIES FRAUD!
(Q)What does the revenue line show in the FY 2021 ANNUAL FINANCIAL REPORT?
(A) A BIG FAT ZERO!!!!
BTW, the 60% Prepaid Revenue is also a BIG FAT ZERO! Of course the 60% Prepaid Revenue claim remains on the ATMH website, as the claim is so nebulous, it likely can't be deemed FRAUDULENT!60% of ZERO is ZERO, so the claim cannot be deemed a lie!
Putting lipstick on a pig doesn't help, because it is still a pig!
The highest probabilities here at KGET are the SEC steps in and whacks the Company for lack of current investor information or controlling vote holder Bobo "The Hobo" Linton finally gets his due, a fluorescent orange jumpsuit!
September 16, 2020 -- In short, these SEC amendments could cause trades in a company’s stock to no longer be quoted on the OTC Markets. Once these amendments become effective, smaller companies quoted on the OTC Markets that do not currently provide any information about the company, provide only financial statements or otherwise limited information about the company, or are not current in their disclosures will most likely lose the ability for their securities to be quoted by brokers on the OTC Markets, making it difficult for investors to buy and sell their stock.
Also, DECN is NOT A GREY MARKET Ticker, it's traded on the "EXPERT MARKET", so only experts like Chartmaster trade this, and is why I am up almost 100% here so
HOW ABOUT DEALING IN THE REAL WORLD? There is very little to distinquish the Expert Market from the actual umbrella platform, which is defined as the Grey Market. The so-called "Expert Market" is simply a spun-off subset of the Grey Market! Simplistically, it emloys electronics to match trades, rather than matching trades manually. Like the "parent", i.e. the Grey Market, the Expert Market is not an auction, thus does not utilize a BID/ASK!
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