Replies to post #135172 on Green Leaf Innovations Inc (GRLF)

[Towelie towel]

Good point, the company has been on a Major Turnaround and Good things are starting to happen .. Revs , Deals and More .. Thanks for posting The GDSM board is hopping :)

[Warmy]

"Negative working capital" and "incurred cumulative losses" is not a debt owed.

Since GDSM has not had any revenue (until recently... maybe), expenses have been covered by the issuance of shares. The issuance of shares covers the debt but is counted as a loss for the year since there is no real offsetting revenue.

The "incurred cumulative loss" is the summation of these years of "loss" and is allowed by the IRS to be used as a tax offset for future earned profit. What this means is that GDSM doesn't owe $14Mil but it is on their "books" as a loss for future use against taxes. GDSM won't have to pay taxes on $14Mil of future profit. Look up "deferred tax assets" and "net operating loss carry forward" for more info.

[fishmanszmit]

"Still relevant", but SUCH OLD NEWS... hopefully investors saw this a year ago when it first came out. And it seems odd that one might think GDSM is different than 7000 of the 8000 penny stocks out there, that are all running in the red... in the negative. Great post RB 79! Thank you for stating the obvious (old news). Keep in mind, Mike Shea is also CEO of another company! Maybe he is making profits there and using them to fund activities of GDSM. Maybe he is diluting THAT company's stock in order to fund the 3 BRAND NEW REVENUE SOURCES until they are funding themselves. Keep up the good dd RB 79... I hope we ALL make money with GDSM!! GO MIKE SHEA!! GDSM PAST THE MOON... LET'S HIT MARS!!!