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Re: mick post# 53108

Tuesday, 08/13/2019 12:57:00 PM

Tuesday, August 13, 2019 12:57:00 PM

Post# of 70650
To remain current, the SEC only requires OTC companies to supply 'audited' annual reports (10-K's). 8-k's and 10-Qs do not have to be validated by a licensed 'auditor'.

Anyone interested in making an 'investment' in SIML should sit down with a licensed accountant or investment advisor and review the most recent 10-KT filed in May for the consolidated companies (SIML and Satel).

https://www.otcmarkets.com/filing/html?id=13414011&guid=xihIUHa_RG0USth

Where would this company, with it's 'revenue history' and $8,500,000 'audited' current liabilities logically raise the cash needed to manufacture $4 million dollar CBD extraction machines???? Subsequent filings have not mentioned new capital investments or financing infusions that could make such an 'adventure' succeed IMO?

"Liquidity and Capital Resources

December 31, 2018
Current Assets $35,332
Current Liabilities $8,476,605

Working Capital (Deficit) $8,441,273
"

GLTY and JMO

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