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Re: Hug Life post# 30383

Thursday, 02/11/2021 11:45:01 PM

Thursday, February 11, 2021 11:45:01 PM

Post# of 30670
It appears the last time the owner reported monthly financial information was on September of 2020. I guess the coming hearing, in a few weeks, seeks to determine why no more monthly reporting since then.

That said, clearly this is not an empty shell. By last September, owner reported approx. $139,000 in sales and cumulative revenue greater than $2 million for the first 9 months. That last filing also shows in detail all transactions for September including bank account information, deposits and withdrawals.

The information is just not current at the OTC website. However, the reporting at the courts is somewhat up to date. This one can't be compared to the recent crackdown of OTC shell scams. Although this may not make GNPT better as it looks like a crappy business run by a crappy person, ready to be taken over and repurposed.

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