Tuesday, July 24, 2018 11:35:12 AM
Did he pocket the cash himself? If not, then where did the revenue from their "sold-out" tour go? LOL
MLCG is pretty much flat broke, and has been diluting as fast as they can, but not many buyers at these high prices. Many retail investors can't even sell until their brokerage houses complete the reverse split and release the new shares for trading.
Looks like MLCG will continue to dilute investors into the ground.
They have no cash and no sales/revenue, despite claiming they would have "record" revenues. Check their financials. They had $0 sales/revenue.
Check out the excerpt from the 2017 annual report, which showed $0 in revenue/sales.
Revenues: 2017
Product sales - (none)
Costs of goods sold -
Gross Profit -
Yet, MLCG indicated it has "record" sales - apparently that was completely false. Who siphoned all the cash from the company?
Except:
MIAMI, March 7, 2017 /PRNewswire/ --
ML Capital Group, Inc. (USOTC: MLCG) today announced that the Company has sold out its first ever luxury cannabis tour scheduled around the upcoming Denver 420 Cannabis event. In January this year, together with Spanish Peaks ScrumpDelicacies and Puration, Inc. (USOTC: PURA) as co-sponsors, MLCG announced its official sponsorship of the Denver 420 Fest 2017 (http://www.denver420fest.com/ and its first luxury cannabis tour in Colorado in conjunction with the event. As of today, that luxury tour is sold out. The sellout tour adds to MLCG's record 2017 sales track record. MLCG recently published a management presentation detailing a preliminary $1 million 2017 forecast based on its historical $400,000 in existing non-cannabis luxury tour annuals sales in combination with the recent introduction of its new cannabis tourism
North Bay Resources Commences Operations at Bishop Gold Mill, Inyo County, California; Engages Sabean Group Management Consulting • NBRI • Sep 25, 2024 9:15 AM
CEO David B. Dorwart Anticipates a Bright Future at Good Gaming Inc. Through His Most Recent Shareholder Update • GMER • Sep 25, 2024 8:30 AM
Cannabix Technologies and Omega Laboratories Inc. Advance Marijuana Breathalyzer Technology - Dr. Bruce Goldberger to Present at Society of Forensic Toxicologists Conference • BLOZF • Sep 24, 2024 8:50 AM
Integrated Ventures, Inc Announces Strategic Partnership For GLP-1 (Semaglutide) Procurement Through MedWell USA, LLC. • INTV • Sep 24, 2024 8:45 AM
Avant Technologies Accelerates Creation of AI-Powered Platform to Revolutionize Patient Care • AVAI • Sep 24, 2024 8:00 AM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM