Here is an oldie but a goodie regarding Jared likely scamming the shareholders:
Not saying I told you so but I was pretty close to figuring it all out way back then.
Posted by: enzymesarecool Date: Wednesday, May 20, 2009 12:23:45 PM
In reply to: enzymesarecool who wrote msg# 141541 Post # of 177358
Here are some interesting numbers that not everyone may know:
From Jared's financials (unaudited)
Q1/08
Accrued Officer Salary (likely Jared) $775,000
Loan From Shareholder (Jared?) $121,908
Payable to Consultants (belmont?) $1,450,000
Formulas values at $567,251
SHARES OS is 223,000,000
Q2/08
Accrued Officer Salary (likely Jared) $NIL
Loan From Shareholder (Jared?) $NIL
Payable to Consultants (belmont?) $NIL
Formulas valued at (50,000 each) $2,350,001
SHARES OS is 864,252,500
Preferred (Owners Control) $200,000
Wonder who got paid how many shares that quarter to settle the outstanding bills owed by the company and to account for increase in value of formulas?
Q3/08
Formulas valued at (??? each) $3,351,001
SHARES OS is 1,692,609,857
Preferred (Owners Control) $2,401,861
How does that go up without their being an issue of preferreds convertible at who knows what rate?
Q4/08
Formulas valued at (??? each) $4,275,168
SHARES OS is 1,692,609,857 (no change)
Preferred (Owners Control) $4,330,219
And those of you with common shares think you own this company?
Q1 numbers should be fun to see.
Any comments on any of this?
