Universal Apparel and Textile Co. (DKGR)

[Toxic Avenger]

$77k was the gross profit - not net income. That was about $40k, but that doesn't include paying management salaries.
10 billion cancelled leaves 30 billion still to be converted. 6 times the O/S.

It will very likely be reverse split. And I don't think there's a lot of hope for cancelling the rest of the preferred.