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Re: DrStockonomics post# 235283

Tuesday, 09/30/2014 12:08:48 AM

Tuesday, September 30, 2014 12:08:48 AM

Post# of 380519
Where on the cash flow statement did you find that entry for equity financing? I didn't see it, maybe Foley forgot to include it.

Also, I did not see the Statement of Shareholder Equity breaking down the $242,240 in additional paid in capital. Also the statement shows an increase of 48,053,226 shares, however, the issuance list is for 47,758,571.

There were a given amount of shares issued on April 10, 2014 with one issuance cited as a price of $0.033, which with all the issuances on the same date for the same price would have caused an additional paid in capital of $502,747.

Strange, strange indeed that the $250,000 never was included anywhere.

Nor was there any expenses for any discounted stock issuances, especially for the 22,500,000 shares issued to Foley at par. Where is the expense on the discount?

What is going on here?