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Re: decogold post# 8439

Monday, 06/01/2020 2:23:07 PM

Monday, June 01, 2020 2:23:07 PM

Post# of 20045
you are kidding, right?: something that does not have toxic debt!!!

The 10K will be out on June 15 and we will witness how bad it really is, however, one only needs to look back at the last 10Q to get a flavor for what Sydney is doing. The company has this for a track record:

1. Cancellation of acquiring J3 Holdings
2. Cancellation of deal with Orgaceutical Co.
3. Apparent fib on repayment of short-term debt by $373,940 (latest financials (Note 8) show only $41,217 was paid in all of 2019)
4. Failure of Artillery Labs deal
5. Zero revenues for 2019 despite acquisition of Vivis and complete lack of marketing their product
6. Increasing outstanding shares in 2019 from 32 million to over 547 million+
7. Re-incorporating to Wyoming and eliminating the cap (unlimited) authorization to issue shares
8. Growing the accumulated deficit to $9.3 million+
9. Draining what little cash they started with in 2019 to near zero
10. Claiming acquisition of Vivis included inventory - but financials show zero dollar value of same
11. Failure to pay the previous CEO his salary of $80,200
12. Negative working capital of nearly $1 million for this one man show
13. Thru Oct. 2019, the Company has raised nearly $7.9 million in cash as additional paid-in-capital. Have you ever wondered where that money went and what it was spent on?:
14. The company promised by the end of January to have closed the "acquisition" of an undisclosed property for an undisclosed sum of money, with a fresh influx of unknown funding that is now being diverted for some sort of undisclosed technology tie-in, for an undisclosed purpose, presumably to warehouse inventory they do not have, in a State (Florida) that is not geographically close to its Operations (Texas), with employees to run the operation they do not have with a non-existent advertising budget to pursue their alleged retail division (Vivis) in order to pay back the CEO the hefty sum to acquire the operation (with ongoing royalty checks) that no one has ever heard of so they can claim to have another "successful" year of not actually doing anything (again) <whew>


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