Golden Developing Solutions Inc (DVLP)

[Strader27]

You obviously have not done any sort of DD on the company. Those revenues will be written of since most of them came from the Infusionz subsidiary which they failed to pay for and subsequently lost when Infusionz terminated the agreement. As of 9/30, the company had $157K cash on the books. And yes aside from the exorbitant salaries recorded, the expenses are related to acquisitions. Unfortunately there will be no return realized from those acquisitions since they failed to make any of the required payments to acquire the assets. Also expect to see a substantial goodwill impairment expense at the end of the year plus the removal of Infusionz assets and that $12 mil in assets you mentioned is cut in half if not more.