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Friday, August 01, 2014 8:23:51 PM
In reality it's going to be less than that typical, that's just basic net.
However, they still took a large operational loss due to high expenses, they used more toxic convertible debt from the likes of Asher and at least one other firm it appears- still trying to decipher just how much, it's confusing IMO w/o laying the last 10-Q along side this one, as they don't break out "new" ASHER notes added between then last 10-Q and this one, they just say "in the prior six months", but the ASHER amount due clearly seems to have gone up- just need to calculate by how much.
They poured out 10's of millions of shares for all various reasons again it appears- from paying common debts like "accounts payable" (which in a normal business, would be paid via cash on hand, not shares of common stock), to "services rendered" and other "stuff", just at a first glance pass at the document.
Their financials and 10-Q IMO, are typically so complicated and "muddled" for lack of a better word, I need to print um out and use a yellow highlighter typically, to even hope at trying to figure out where all the 10's of millions of shares went, to who, when, for what, etc.
It'll take me days personally, to read this cover to cover and try and totally figure it out.
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