" with the current financial standing bravatek was in when celucci took over , how long should it have been before he was able to restructure everything and turn it into a profitable company for share holders ??"
Your question assumes that his primary goal in being brought on was to make the company "profitable". He was brought on by the note holders to create liquidity in the stock so they could make their money back via convertible note sales. Ironically, there was no convertible debt when he took over...but there were a bunch of notes that had piled up and the company had no means to pay them back.
Anyways, under normal circumstances one would expect to at least stop digging the financial hole in a year or two. The ONLY think Cellucci has done in his FOUR YEARS is to accelerate the financial deterioration...and that is not an opinion...that is what the numbers themselves say.
I think most current shareholders would give anything for the company finances to be back to even a half of what they were when he took over.
So lets look at the changes in those numbers since he took over.
Total Liabilities when he took over were $1,774,418
Today those total liabilities are $9,447,812 and increase of 530%
The amount of convertible debt when he took over was $-0- ...yes... ZERO.
Today the face value of the convertible debt amounts to over $1,500,000, almost as much as the total amount of liabilities the company had when he took over.
The accumulated deficit when he took over was -$9,356,508 which took 7 years to accumulate.
Today the accumulated deficit has grown by $20 million in just 4 years he has been at the helm to -$29,618, 714.
Since he took over the number of shares issued by the company in today’s share equivalent (i.e accounting for the reverse splits) is OVER 10 TRILLION SHARES.
The share price at the time he took over was about $0.25 - when adjusted for the reverse split, in today’s share price equivalent, that was $6,330 per share. Yes, over SIX THOUSAND DOLLARS PER SHARE. Today the share price is $0.0015. It has dropped by more than 99.9999% in that time.
So not only has he not turned the ship around...all he has done is accelerated the poor performance
...with ONE exception.
The convertible note holders have made millions…MANY MANY millions of dollars since he took over. So in that regard he has been entirely successful
...which is exactly what he was brought in for.
