Sunday, November 22, 2020 12:43:45 PM
"New leadership" was installed in May of last year. That's 18 months ago, and isn't "new," that's plenty of time to do something. Instead, the company is out of business.
What that new leadership actually did was claim to be "cleaning up the balance sheet," but what they did was double the liabilities from $1.7M to $3.5M while diluting the O/S by about 1.2B shares.
The CEO is the only employee there is. Guess he's responsible for this statement from the court appointed US Trustee:
I swear I’ll never use the phrase “you can’t make this stuff up” ever again after being on the OTC. Apparently you can.
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