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Re: None

Saturday, 05/19/2012 1:14:21 PM

Saturday, May 19, 2012 1:14:21 PM

Post# of 291
Amazing how Bill Alverson and Kathy West can duplicate the same game and stay alive in business. Guess greed keeps them coming. 770K for salaries and wages! 67K for Travel and entertainment! 3.1 million under Other!...those are shares distributed for "Services", I'm sure....

If you look at what they did at Travelstar, which they drove into bankruptcy you will see the exact same pattern except this time they have the MLM folks to buy their bad paper, yikes.

When you read this don't call me threatening to burn down my church I'm not Mike you know who I am. Peace


GENERAL AND ADMINISTRATIVE
3/31/2012 3/31/2011
Salaries and wages $ 770,050 $ 386,874
Independent contractors 1,517,249 601,322
Professional fees 495,961 158,683
Technology 117,375 32,175
Travel and entertainment 67,216 36,302
Office expenses 37,158 19,125
Utilities 14,014 32,674
Rent 46,604 919
Amortization 43,308 16,677
Depreciation 2,510 415
Other 3,731 20,689
$ 3,115,176 $ 1,305,855