A $4,000,000 operating loss doesn't mean Manzo wrote checks for $4,000,000. After all, he operates out of a room in his house (or apartment or trailer...), so he doesn't have much in the way of hard costs. No employees either. I wonder why he didn't explain how the loss occurred, in his recent "press release"??? Didn't he make a promise to shareholder's regarding transparency? Guess he forgot! He also didn't explain what the BOD did to deserve 30,000,000 shares. The reality is, the BOD are likely friends of Kenny's and those shares went straight back to him.
What this means is, he and Ray B. have probably expensed the company to death. Keep in mind, the market cap. of MNZO is barely $500K. In order to pay themselves back this fictitious amount, expect a huge share issuance at any moment. By HUGE, I mean around $6,000,000 worth of shares. That's 5 billion shares! There are other possibilities, like the $4,000,000 was the cost of the study, but one way or another, someone is about to get a huge pile of stock.
Although Kenny says he's the boss and he's running the show, the evidence says otherwise. The company's legal counsel is Ray Barton's guy as is the company's accountant. Who do you think they care about the most? Furthermore, the company's IR/PR firm is Magna Biz consultants, which is MMG "in disguise". Also, Manzo lists MMG's address as it's official address, because the Wyoming Secretary of State doesn't allow PO boxes.
News 
Market Data 
Discover 
AI
