USRM_a_CON: SEC_10-Q_RELEASED = DILUTION_n_LOSSES_and_NO_CASH_LOL !!
I barely even noticed - but this freaking TRAIN WRECK rent-a-desk con job released their bullshit loaded usual SEC 10-Q QUARTERLY MASSIVE LOSS and WE AIN'T GOT NO CASH and WE BE ISSUING A LOT OF DILUTION SHARES report LMAO !!
What a freaking wipe-out: They ended the Qtr with $30K TOTAL CASH left which ain't even a decent family car or SUV and Miguel is back to his MASSIVE DILUTING WAYS NOW and even using CONVERTIBLE GUTTER DEBT features for desperation cash in blocks of $30K and $50K etc.....
DESPITE MASSIVE borrowing and endless dilution they STILL took a MASSIVE LOSS again and SG&A expenses for ONE DUDE at a rent-a-desk who is this sham "company" were OFF THE FREAKING CHARTS -
Their only real "business" is DEBT OWED IN DEFAULT and LAWSUITS FOR SAME and DILUTING SHARES to pay the only remaining insider left at this sham show - WHAT THE H IS THEIR ACTUAL "business" they conduct on a day to day business....WHAT ?????
QUOTE from the 10-Q WIPE OUT REPORT - JUST WAIT TILL THEY DUMP THESE DILUTION SHARES and bury this POS like a shovel ready project:
"As of August 12, 2021, there were 456,217,501 outstanding shares of the Registrant’s common stock, par value $0.001 per share.
As of November 8th, 2021, there were 480,957,052 outstanding shares of the Registrant’s common stock, par value $0.001 per share.
Financing Activities
Net cash provided in financing activities was an aggregate of $853,005 in the nine-month period ended September 30, 2021 as compared to cash provided of $439,079 in the nine-month period ended in September 30, 2020.
On September 10, 2021, our filing of an Offering Circular on Form 1-A, pursuant to Regulation A (File Number: 024-11617) was qualified by the Securities and Exchange Commission. We registered 250,000,000 shares of common stock for maximum proceeds of $2,500,000 (before deducting the maximum broker discount and costs of the offering).
During the three months ended September 30, 2021, we issued 5,000,000 shares of common stock to investors for cash proceeds of $50,000 net of fees and commission, pursuant to the May 2021 Offering Circular. Subsequent to September 30, 2021, in October, 2021, the Company issued 17,500,000 shares of common stock to investors for cash proceeds of $1,750,000, net of fees and commission, pursuant to the Offering Circular. In November, 2021, the Company issued 5,000,000 shares of common stock to investors for cash proceeds of $50,000, net fees and commission, pursuant to the Offering Circular.
"
SO......
Miguel DILUTED about 25 MILLION SHARES just doing regular "business" which is NOTHING - NOTHING but lawsuits and BEING IN DEFAULT on numerous huge debts owed etc...
THEN as SUBSEQUENT to the $30K TOTAL CASH LEFT despite all that freaking dilution - he DILUTES A HUGE AMOUNT in freaking OCTOBER which is NOT included on their cash line nor their DILUTION SHARE COUNTS -
See that - 17,500,000 shares in OCT DUMPED INTO THE DILUTION PILE for $1,750,000 TELLS ME that they are going to PAY MIGUEL A SHIT LOAD of his bullshit "NOTES OWED and BONUSES" to him prior to end of yr - and likely use some of it to STAVE OFF THE BK and PAY A FEW OF THE DEBTOR LAWSUITS as it looks like they are losing and losing BIG TIME to Brenda Leonhardt and are IN DEFAULT on their oldest loan the Huntington and Williams note etc.
TO THIS SHITTY DAY - they've NEVER PAID ONE CENT on the $980K owed to Sunrise bank FL and THAT is 100% "Guaranteed" by the personal assets of OLD MAN MURPHY who is 98 plus freaking years old.
IF THE OLD MAN DIES - then the bank loan GETS CALLED IF HIS FAMILY no longer lets Miguel use Murphy's personal collateral = DONE AND BK !!
It's grim - the same old broken record POS of DILUTION + ALMOST NO SALES + NO REAL "BUSINESS" of any kind + ENDLESS F-ING LAWSUITS + DEFAULTED DEBTS in the $MILLIONS and $MILLIONS owed with $30K TOTAL CASH left in their bank account = BK LAND :)
TRAIN WRECK is being too kind - it's just the never ending con job to me:)
THE FINAL GEM STATEMENT (LMAO !!) :
"NOTE 2 – GOING CONCERN AND MANAGEMENT’S LIQUIDITY PLANS
The accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business.
As shown in the accompanying financial statements, as of September 30, 2021, the Company had cash on hand of $30,337 and a working capital deficit (current liabilities in excess of current assets) of $11,552,877.
During the nine months ended September 30, 2021, the net loss was $2,646,391 and net cash used in operating activities was $841,238.
These conditions raise substantial doubt about the Company’s ability to continue as a going concern for one year from the issuance of the unaudited condensed financial statements."
WTF - they LOST $2.6 MILLION AND WHAT THE HELL DO THEY EVEN DO AS AN ACTUAL "BUSINESS" - when it's MIGUEL sitting in a rent-a-desk space for $99 bucks a month LMAO ????????
