InvestorsHub Logo
Followers 6
Posts 4390
Boards Moderated 0
Alias Born 05/02/2013

Re: old biohf guy post# 10515

Tuesday, 09/05/2017 4:03:41 PM

Tuesday, September 05, 2017 4:03:41 PM

Post# of 13735
LOL--this scam is INSOLVENT. A third grader would be able to calculate that when you have 20k in revenue and LOSE $$ EVERY QUARTER for years and have LIABILITIES of close to a million dollars there is NO WAY too pay those liabilities including taxes. Especially true when accumulated losses are approaching $3 million. HERE are just some of the payables--hard to pay on 20k in REVENUE--just an INSOLVENT mess.
Accounts payable and accrued liabilities -129k
Advances from shareholders 52k
Taxes payable 56k
Related party payable 371K