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Thursday, August 06, 2015 10:13:04 AM
Here are a few highlights from the PR. "At the present time, Green Cures & Botanical Distribution Inc., has an outstanding tax liability of approximately $30,000 for operations and business conducted throughout the year 2014 and the first quarter of 2015." What kind of nonsense is this - a $30K tax liability???
2014 Q1 - No Revenue
2014 Q2 - $19,779 Net Loss -$31,023
2014 Q3 - $35,883 Net Loss -$80,344
2014 Q4 - $19,047 Net Loss -$43,137
2015 Q1 - $10,952 Net Loss -$66,748
LMAO! If GRCU has a $30k tax liability they need a new accountant - because that is complete BS.
Then there was the following: "By way of clarification and explanation, and in response to questions received by the Company, the Board of Directors of the Company determined that the significant marketing costs, personnel time and effort, and the increasing expenses needed for the expansion of the Rico Suave energy drink/supplement were not in conjunction with the core operations of the Company."
Then there was the famous or infamous $4 Million dividend, "The Company is also providing an update on the previously announced distribution of the shares of common stock of another publicly traded company, Formosa Liberty Corporation, formerly, Privileged World Travel Club, Inc., to Stockholders of the Company. Management is still working to determine the best time and methods to make such a distribution, while balancing factors involved, including the costs and time required for undertaking such a distribution transaction, the performance of Formosa Liberty Corporation in the market and more. Management of the company will provide updated information relating to the distribution of these shares in the future."
What is all of the positive information?
IG
It's easier to fool people than to convince them that they have been fooled
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