Tuesday, April 18, 2017 1:45:05 PM
what the fins tell us is:
1) they don't have a bank account and no money at all (not one cent) actually passed through the company last year.
2) whatever inventory they had has been written off completely
3) whatever revenue they are claiming is not being recognized as AR or cash...so it likely doesn't exist
4) they have about $2 million in convertible debt and no meaningful assets
Other than that...it's all hunky dory.
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