Nanopierce Technologies (NPCT)

[MMMARY]

Note receivable - $275,410
Note receivable - related party (Intercell) - $127,500
Deferred revenue - $48,043
The German Government Grant of 100,000 euros (approx. $87,340 by today’s conversion rate)

These total $538,293 added to $1,810,461 = $2,348,754

If the notes receivable are as good as cash, why weren't htey paid off on time? They were due earlier. Also, can npct really use the grant money for their own personal expenses? I don't think so. Deferred revenue, like they will be seeing that also. Why not just add $10M stating that paul could win the lotto and that could be considered cash for npct.

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Just say NO to stock fraud!