InvestorsHub Logo
Followers 10
Posts 1681
Boards Moderated 0
Alias Born 09/17/2010

Re: janice shell post# 7139

Sunday, 02/20/2011 11:29:30 PM

Sunday, February 20, 2011 11:29:30 PM

Post# of 55129
Let's cut the CEO some slack, he has a hard job.

-Cfo can't prepare proper financial statements. she claims they are according to GAAP but she doesn't understand accruals. Shares that are never really issued are recorded as outstanding even though never meet terms of LOI.

-Company in rapid expansion mode. Acquires HIP HOP, mortgage lending/lead generation businesses. Has 1.5 million ounces of gold reserves because firma gold say so. Unreasonable investors asking for backup.

-Company has judgement against it, but for some reason not shown as liability on balance sheet.Unreasonable creditor wants the building.

- Only $4,000 in latest quarter revenue but does have $33,000 cash in the bank. But CEO can only be paid in restricted shares.

-CEO with no obvious experience or understanding of business has to make every quarter long disclosure filings.Unreasonable pink sheets.

-And on top of that he has successfully negotiated the "definitive merger" at $.04, the deal of a life time.Unreasonable Wilma still on vacation.

Yet of course the next quarter will see more businesses acquired. CEO should get a medal. Who else could have so many acquisitions and deals achieved with so little capital.

CEO has some bright spots. The "definitive merger" at $.04 per share. 1.5 million ounces of gold reserves if someone can find them. Part ownership of private HIP HOP company.

AM I missing something ?