B2Digital Inc. (BTDG)

[sanbrunobaby]

This must be the strangest financial statements yet, obviously prepared by someone with no knowledge of accounting.

-They tried to writeoff receivables ( finally) but seem to have posted the wrong entries to asset acconts- i.e. that cant have NEGATIVE assets.
- Huge $800,000+ liability now,no footnotes to explain.
-NO sales and NO expenses, what busienss are they conducting.
-No proper footnotes
- How can they list all these businesses supposedly they are engaged in- and engaged insufficiently they claim they are not a shell- and not have any revenue or any expenses from these businesses ?

SEC Shell definition refers to nominal revenues/assets *BTDG meets this test :

AND

nominal operations * BTDG meets this test

Seems like it is already in shell status. This may explain why they put eberything and the kitchen sink into their filings, to maintain imrpession they are not a shell.

Doesnt seem like a scam, too inept.