![](https://investorshub.advfn.com/uicon/315468.png?cb=1473363790)
Tuesday, September 02, 2014 8:16:45 PM
You seemed to have left out the following:
General and administrative expenses = $42,989
Now we can see that GRCU lost $31,023 - just from operations. meaning that GRCU didn't generate enough revenue to cover operating expenses.
GRCU is living off of selling convertible notes.
Proceeds/payments-notes payable = $106,742
Your post was completely unrealistic and left out information that goes straight to identifying the financial health of GRCU.
The accumulated deficit is just that - it isn't a debt but it goes to the heart of the issue of GRCU buying a many times pumped shell (TTDZ). And as the Attorney letter stated:
Investors are cautioned that even though the financial statements reflect no operations, zero assets and zero liabilities as of February 25, 2014, none of the Issuer’s creditors agreed to the assumption of the Issuer’s outstanding debts by Privileged World Travel Club, Inc. and that if Privileged World Travel Club, Inc. is unable to honor its obligations to satisfy the Issuer’s outstanding debts, then those creditors will have a claim against the Issuer.
And then management purchasing the shell without seeing the last year of the financials - complete incompetence by management.
That is why for GRCU to be successful they must replace the current CFO who is a real estate agent - and find a CEO to replace Calkins - he has no clue about operating a public company. He needs to be the President as he certainly isn't focused.
IG
It's easier to fool people than to convince them that they have been fooled
Kona Gold Beverages, Inc. Announces Strategic Initiatives and Corporate Direction Changes • KGKG • Aug 2, 2024 2:00 PM
POET and Luxshare Tech Expand Product Offerings for Artificial Intelligence Networks • POET • Aug 1, 2024 9:28 AM
Management Discusses Financial Filings of Global Arena Holding Inc., for 10-K 2023 and 10-Q, 1st Quarter 2024 • GAHC • Aug 1, 2024 9:14 AM
VAYK Announces LOI to Acquire $1 Million Home Service Company to Support Airbnb Business • VAYK • Aug 1, 2024 9:00 AM
Duane Forrester Joins INDEXR as SVP of Search • MONI • Jul 31, 2024 11:46 AM
Lingerie Fighting Championships Help Fulfill Death-Bed Promise With First Major Motion Picture • BOTY • Jul 31, 2024 9:00 AM