Guess what Jared used as collateral for the $700,000 loan at 8% interest only that is due in the next 30 days?
Yes, you are right the forklift, bottle filling, packaging, labeling and capping machines! He needs to sell this 300 million shares soon in order to pay off this debt or refi it but without financial statements the bank will not roll it over!
Other financial details that Jared can not figure out.
The rent on the 9,000 square foot building is due every month.
The payroll for 8 employees is due every two weeks.
The utilities are due monthly.
The Chemist bills are due monthly.
PR promos are due monthly.
Suppliers of the enzymes do not take terms with a new company.
Payments on the $43,000 mercedes lease is due monthly.
Insurance payments
Taxes for county and state are monthly/quarterly. Does April do this or Mark? Someone should check to see if they are not in good standing on these filings.
Lawyers get paid an up front retainer. His legal troubles will be increasing after this exposure.
(Note after the lawsuits are filed customers will think twice about dealing with a deceitful business.)
CPA Get real no money for this extragance
Certification of Green - why bother, no federal contracts and no money available to spend on this bs.
Head hunter as another management team will come in like Bill, Owen, Brenda and others have left this year.
Connect the dots and realize this is a big fat scam with nothing more then the ole RAZZLE DAZZLE!
