InvestorsHub Logo
Followers 103
Posts 13811
Boards Moderated 0
Alias Born 12/26/2012

Re: rbtree post# 66995

Thursday, 11/05/2015 11:40:51 AM

Thursday, November 05, 2015 11:40:51 AM

Post# of 70075
Marketing/advertising was $5400 for the period. The ugly error was in officer comp...they had been valuing a buttload of preferred shares for Kerry and Fouch as $5000, which many posters pointed out as impossible for quite some time and any individual with 2nd grade math skills would see as wrong. So, the new accountant was able to point out that the actual preferred value for each is actually $1,700,000, in addition to any other salary they receive for failing to execute.