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Wednesday, July 02, 2014 2:23:15 PM
I have another problem with this... All of the stock Margrit and other employees got in lieu of back pay (she's never put a nickel in cash into the company from what I can find BTW) if it were valued currently would dramatically change those taxes due and I don't think they've done that adjustment. I'd say their liability is probably triple what is claimed without interest and penalties. The problem is they don't have an accountant. They don't have audited financials, they're just shooting from the hip with your money. I'm pretty convinced the insiders have found a way to sell zero cost basis stock, probably illegal, and from the looks of the trading the market is drying up for those big sells to fund operations. And when I say operations, I'm not talking about efforts to build your share value, I'm talking about paying executives, staff, car leases, etc. They're holding out for a higher price but it's first of the month. I see a big sell below .015 coming soon. They need money. Let's see how much patience they have that they can promote it back up to .02. Don't think it will happen but time will tell.
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