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Monday, May 16, 2016 2:51:43 AM
But dumb and dumber and the sheep think this is good. Give up already. Wave the white flag. It's over. No wonder Ernest Martel jumped ship.
ZERO SALES... nada... zilch... NOTHING. The merchandise looks like crap. No one bought it and no one will. The losses will keep mounting. And what were some of those expenses for?
Travel expense of $11,899.71:
Did Steven Zale take another trip to Bangkok. Does he have a girlfriend there or another family? Oops...did I say that?
Business Filings, Licenses and Permits...two line items totaling $8,000. What was this for?
Salary and Wages: $52,500...to who, and for what? Where did these funds come from?
Professional Fees: $79,050. For what??? How was this paid?
MARKETING: $1,405. PITIFUL!!! This is where the big dollars should have been spent. No money spent to promote the jewelry. The idiot Steven Zale spends money to promote the stock but not on trying to sell jewelry.
Current Liabilities are close to 5 times their Current Assets. And who knows how collectable those receivables are?
And somehow the brilliant owner of Super Bell got 1,000,000 shares of stock at; (let me have a drum roll please) 2 cents for Debt Conversion, on March 8, 2016. The stock closed that day at $0.012, but that was a slap the ask 1,000 share trade. The low that day was $0.0085. Under a penny and Mr. Huang got his debt converted at 2 cents. He should have received 2,500,000 million (worthless) shares but Mr. Zale stuck it to him.
I could go on and on but it's 2:30am. I love my California spy who texted me that the financial statement was released. I couldn't resist looking at it. I'll save the good stuff for the morning.
But what will happen when the market opens? The suspense is killing me. Millions of shares should be dumped at any price. The stock is exactly as I told you: WORTHLESS.
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