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moneynmetals

05/19/14 8:37 AM

#14522 RE: workinit #14520

To be fair. I wouldn't call CG insolvent.

https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=120915

NOTE 3 Related Party Transactions


Administrative fees-During the three months ended March 31, 2014, the Company accrued or paid administrative fees to companies closely held by our current CEO in the amount of $30,000.

Management fees–During the three months ended March 31, 2014, the Company accrued or paid administrative fees to companies closely held by our current CEO in the amount of $30,000.

Rent expense-During the three months ended March 31, 2014, the Company accrued or paid administrative fees to companies closely held by our current CEO in the amount of $3,000.

So it would seem, CG is able to pay their bills


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moneynmetals

05/19/14 9:17 AM

#14523 RE: workinit #14520

Another good point to consider.

Don't be surprised if the seller(s) back off, and lets this breath for a bit.

CG has been held at these levels for awhile now.

It's long overdue for a bounce