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Re: loanranger post# 129741

Friday, 12/01/2017 9:35:46 AM

Friday, December 01, 2017 9:35:46 AM

Post# of 222198
This bugs the heck out of me:

Note 6 - Related-Party Transactions

As of September 30, 2017, GHC was the largest stockholder of the Company, and GHC is an affiliate of GHS. An affiliate of GHS is the site for clinical trial activities. Accounts payable to GHC and GHS for services approximated $61,935 at September 30, 2017 and December 31, 2016.

We have engaged clinical research firms and certain of the costs incurred have been paid or will be paid through the issuance of capital stock. See Note 3.



Auditors are forbidden from taking stock as compensation for independence, clinical trial results based on stock based compensation, yikes.

For a bit, I was thinking no scam here, but this is a HUUUUUUUUUUUUGE RED FLAG.

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