NDT Pharmaceuticals Inc (NDTP)

[truth2252]

Hold the presses!!!Q1 financials are out and I can see why they were in no hurry. The low lights...revenue $671...cost of sales $448. What happened to all of the retail and wholesale shipments claimed? Operating expenses...Management $45,799 GA 19,827. They paid themselves well with the cash raised from stock issuances. The loss for the quarter was twice as large as the loss for the nire year of 2011. 1 million shares issued for $ 50,000. A cash burn for Q1 of 68,103. About one billion shares outstanding equals a market cap of three million dollars for a company with sales of $671 and inventory of $3500. A joke and going to zero as the management bleeds the cash for their own use. I am sure the cost of sales is not accurate as the GA should have additional allotment to cost of sale leading to negative margin.