Replies to post #2978 on TransAKT Ltd. (TAKD)

[greenhorn]

Not sure what the business of TAKD is, but it sounds much like what Vegfab was supposed to do. Once again they grow very expensive veggies in Asia.

From the 10-q:

Our plan of operations for fiscal 2015 includes the following budgeted expenditures:
12 Month Capital Requirements Forecast USD4
Beginning January 1, 2015
Capital required for expansion plans1 $300,000
Salaries $270,000
Rent2 $70,000
Utilities3 $120,000
Accounting and Legal Expenses $120,000
Public company reporting costs $17,500
Selling, general and administrative expense $100,000
Contingency $100,000
Total $1,097,500

1.

Capital for plan to open 1 small vegetable factory for demonstration purpose, further research and development expenses.
2.

Rent expense includes minimum lease payments due during 2015 for current plant factory.
3.

Utilities expense for current plant factory will be approximately $10,000 per month.
4.

Based on 2014 average exchange rate of $0.03300.