News Focus
News Focus
Followers 2
Posts 524
Boards Moderated 0
Alias Born 05/23/2007

Re: Sputnik post# 3789

Thursday, 11/12/2009 8:11:26 PM

Thursday, November 12, 2009 8:11:26 PM

Post# of 8215
Yes, and then the fun began....

A historical average shows that 31% of the total expenses come in the form of salaries. Ka-ching, Ka-ching, just this one placement equals $1,767,000.

Another historical average shows an additional 21% goes to those oh so important consultants. Ka-ching, ka-ching, just this one placement equals another $1,197,000.

So, something like $3 million ($2,964,000) of the $5.7 million went directly into the bank accounts of a handful of folks that the shareholders were depending on to make this company profitable. We all know how that went. $3 million dollars worth of Kool-Aid. And thats just one placement. The companies total indebtedness stands at just over $31 million. And the Kool-Aid just keeps on coming.


Thin

Discover What Traders Are Watching

Explore small cap ideas before they hit the headlines.

Join Today