Industrial Nanotech Inc (INTK)

[Demain]

Industrial Nanotech does not pay IRS or interest expenses!
Gee, now I feel better! INTK has defaulted on their loans and is no longer paying the interest or principal. In addition, INTK does not pay their income taxes and allows the IRS tax liens to accumulate additional penalties and interest.
So if I understand this correctly, you should only count the income and not the expenses. you should also not pay your tax liens, legal judgments and you should also allow your loans to default.
It is no wonder that Stuart Burchill was not able to find an accountant that would submit such a silly and imaginative financial statement. This is truly imagination run wild.
https://www.forbes.com/forbes/2010/0426/investing-pink-sheets-fraud-stock-scam-madoff-spot-pump-dump.html#13323f5e615e
https://www.sec.gov/spotlight/microcap-fraud.shtml
https://www.investopedia.com/articles/stocks/07/microcap_scam.asp
https://www.nanalyze.com/2013/12/is-industrial-nanotech-intk-a-pump-and-dump/