Supurva Healthcare Group Inc (SPRV)

[rawman]

I would suggest some research on Depreciation. A fully Depreciated Building bought for $14 Million can still be worth $14 Million or much more.

To quote the directions, "I would suggest some research on Depreciation."

Once again, we are presented only half the story! A fully depreciated building can also be worth ZERO!

FACT! The building on SPRV's Balance Sheet is currently valued by the Company at a net of $13.2 million, with the building being subject to the payment conditions as spelled out in a current mortgage, which shows a balance in excess of $11.57 million.

As of December 31, 2020 SPRV had no assets and $2.27 million in debt obligations. On 12/31 the outstanding share total was 13 million. As of March 31, 2021, only three months later, the outstanding share count ballooned 22X to 293 million, plus SPRV had acquired a building and $12.3 million in additional debt obligations! As of June 1, 2021 the outstanding shares had nearly doubled again, now standing at 572 million shares, which is quite a special feat!

The SPRV investors have seen a 44X increase from 13 million outstanding shares on December 31, 2021 to 572 million shares five months later on June 1, 2021. Not every company can bludgeon its shareholders with massive dilution this quickly! Murphy and Strickland have got to be proud of their handiwork!

SPRV printed and distributed 280,000,000 newly minted shares during Q1 2021. The Company's debt load rose instead of fell and there is less than $100,000 in cash on the Balance Sheet. WHERE'S THE MONEY???

560,000,000 new SPRV common shares have blown out the door in the last five months, but what does SPRV have to show for this debilitating shareholder dilution????