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Re: None

Tuesday, 02/24/2015 2:17:44 PM

Tuesday, February 24, 2015 2:17:44 PM

Post# of 31561
"The Company has engaged a third party provider to pay certain expenses of the Company on behalf of the Company. As compensation for the payment of these expenses on behalf of the Company, the Company pays the provider in shares of common stock equivalent to the expense paid plus a fee equal to 15% of the expense paid. The Company issued 24,000,000 unregistered shares of the Company’s common stock with a value of $281,000 in advance of the payments made by the provider. As of December 31, 2013 and 2012, included in prepaid expenses is $161,000 and $114,000, respectively for shares of stock issued to the provider in excess of amounts paid on the Company’s behalf. Other prepaid expenses were $51,000 and $42,000 at December 31, 2013 and 2012, respectively."

Why are we paying a third party to pay these?? Isn't this Muzi's job? Who is the provider and what expenses are these?

From the most recent 10-k.

Rule #1 is never lose money.

Rule #2 is never forget Rule #1.


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