GEX Management Inc (GXXM)

[SeatonBM]

What I don't get is everyone's claim that they have high operations expenses as reason for their convertible notes and low profit margin despite their high revenue...

What possible operation expenses could a company like GXXM have exactly??? It's not like they manufacturer or stock shelves of anything... Am I wrong???

So aside from maybe a building they lease, debts, and salaries... Where is all their money going??? UNLESS they bought some real estate which I believe their filing showed they did, and anything connected with this MMMM deal....

Which would explain the fact this year's operating expenses also jumped since last years... IE a 1 time occurrence and not a repeat expense aside from the debt they have to pay off...

What am I missing or am I reading that wrong???