The Staffing Group Ltd. (fka TSGL)

[I-Glow]

Let's take a closer look at the losses.

Net Loss = $1,858,146

So let's take a out the Loss from the Derivative Liability = $1,073,425 (which as nacho pointed out is much like Goodwill and can be used or manipulated in anyway).

That is still a Net Loss of $784,721. There losses weren't all non-cash - only the Derivative Liability.

The TSGL Interest Expense was $985,637.

I always like to look at the Balance sheet ans Income statement - on the Balance sheet - Kimmy has $1,466,000 for Goodwill - and even with that nonsense the Liabilities are greater than the assets.

And as you can see the TSGL cash is from financing (Proceeds from convertible notes payable $1,430,710).

looking further into the financials for TSGL I did notice their losses were non cash and due to derivative calculations. SO, with $200k in operating income I think it was a good start.

Shady was tweeting away about the TSGL financials - either he is a idiot that can't read a financial statement or a conman - my guess is both.

IG