ProTek Capital Inc (PRPM)

[Kool Aid Man]

Again I ask---

How is he paying for the tens of thousands in annual OTCIQ fees for all these tickers? $5,500 Annual Fee or $3,500 Semi-Annual Fee x 7 tickers= $38,500 - $49,000. Then there are all the other costs of business --phone, computer, Internet service, web domains, PR's, Attorney Opinions, etc... not to mention all those costs of his "team of crypto engineers," his "Meet & Greet" event last October and all those T-Shirts, hats and other crap.

Take SUTI for example. His Q3 last week reported ZERO revenues and expenses. Yet he traveled to just south of Kansas city for a photo op and PR announcing negotiations with a MJ operation. But there were no costs of travel (gas, food, lodging)?

WHERE IN HIS FINANCIALS IS THE INCOME THAT PAYS FOR THOSE? WHERE ARE THE ENTRIES FOR THOSE ANNUAL EXPENSES IN HIS FINANCIALS? Those expenses are real and have to be paid somehow by someone.

CLEARLY Eddie is generating income for himself. But with no functioning, revenue generating, real-world business activity, how are those expenses being paid? Then there's this--

"If you sell stocks, bonds, derivatives or other securities through a broker, you can expect to receive one or more copies of Form 1099-B in January. This form is used to report gains or losses from such transactions in the preceding year."

I assume Eddie gets these so he would be a f-f-f-oool not to declare his investment income on his personal income tax returns. But is he also deducting all those costs of operating those tickers on his PERSONAL tax returns in order to offset the income he generates for himself by flipping his own shares. IF so I don't see how that is legal as these are not "his personal businesses" (if that were the chase wouldn't he have to file a Schedule C- Profit & Loss from Business Activity"?). Or could it be entered as a generic "investment expense" which he likely isn't entitled to.


I dunno. But what i DO know is that the IRS is freakin' AMAZING at figuring out where come came from and where it went. If the CEO refuses to explain how expenses are paid maybe the IRS can help.