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Re: EarnestDD post# 8246

Thursday, 08/18/2011 5:19:17 PM

Thursday, August 18, 2011 5:19:17 PM

Post# of 55129
No rent or salary accruals. Revenue but no associated costs. Receivables that never get collected but do not get written off. Judgment against company at some point but no liability recorded previously. Also, does BTDG consoldiate its portion of subsidiaries that it owns over 50% of ? Or its share of income if it owns over 20% ? Maybe not a big deal but surely CEO must know this is not US GAAP reporting, and therefore BTDG should not claim it is.

CEO over last year has become major shareholder , and other two directors left the company. HIP HOP seems the big new strategy. How does 10% ownership of private company translate to cash flow for BTDG ?

Is CEO employment contract still in force ? Isnt $100k + per year a bit much for a company that had only $2,700 in revenue for the quarter ? Maybe HIP HOP will prove a success- is there any benchmark CEO willing to set, such as a performance target ? Shouldn't CEO at some point deliver profits or stock price appreciation ?