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Sunday, June 16, 2019 10:26:08 PM
Let's start with #1:
They did tell us they were funding it themselves, out of pocket. I wouldnt expect them to collectively dump their life savings into the business account....thats just not the way it works.
CRSM is a public company! Why be public if they are self-funding?
Their debt on the balance sheet is a mysterious and unexplained "loan" totaling $94k. They recently issued ~ 10M shares for "cash". That is $.0094/share...
They claim that the value of the shares was $.05 at the time...
Such a deal, no?
That assumes the entire "loan" is actually a direct exchange for those (now beyond the restriction period) shares!
Invest money and get a 10X return by promoting the shares on social media! Pretty good deal, no?
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