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Re: RadioSilent post# 94766

Friday, 09/06/2019 4:12:29 PM

Friday, September 06, 2019 4:12:29 PM

Post# of 107737
Correct, it wasn't on the balance sheet, it was dropped on financials in the 10-k on consolidated cash flows F-6 "Loss on settlement of accrued payroll",...

which rolled up to the Consolidated Statements of Stockholders’ Deficit F-4 "Additional Paid-in Capital for: Common and preferred stock issued to settle payroll liabilities"...

rolling up to the Consolidated Statement of Operations F-4 under 'Other expense' for "Loss on settlement of liabilities"...

which is a direct negative hit to increase Net Loss for the year by $5,691,993

So, basically, investors took the hit, and Yazbeck took the benefit.

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