V Group Inc (VGID)

[jacksira]

How can he keep this charade going? One doesn't need a college degree to see this company has problems. Let alone have people buy their stock as an investment. Seems like a trading stock at best? Now address the SNTX spin off? Under other Assets we see the the crook still holding his LOFB investment worth 59,320.00 and Leaf of Faith Patience 7,500 seems he could give us our shares guess he knows he is in charge. Just bury his ass.

The numbers that one needs to read baffling:
These are the numbers off his 2020 Annual Report.
Total Income is 52,206.58
Gross Profit 25,879.58
Total Expenses is 97,204.32
Net Ordinary Income -71,324.74
Bad Debt -93,850.00
Net Income-165,174.74


Bad debt expense is the way businesses account for a receivable account that will not be paid. Bad debt arises when a customer either cannot pay because of financial difficulties or chooses not to pay due to a disagreement over the product or service they were sold.