CGrowth Capital Inc (CGRA)

[Prudent Capitalist]

What an ugly quarter! Total revenue of $107,691 doesn't even appear to be enough to pay the ongoing interest on the high interest foreign junk bonds.

And, CGRA's stockholders deficit literally doubled in the first 6 months of this year, as the shareholders' deficit and negative shareholders equity is now up to ($1,709,076).

The net losses totaled ($469,559) for the quarter, and ($852,936) in net losses for the first 6 months of 2018.

But, Bill Wright took out another $79,966 in Administrative fees, Management fees and Rent.

This is disgusting and just pathetic from the standpoint of shareholders here, IMO.

#YearsofBogusPRsandBullchit

CGRA = Capital Gone Reverse Appreciation