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MrBlackLungs

11/20/15 12:06 AM

#18240 RE: purefreewater #18239

Sure, deficit is the difference cash inflows and outflows or in this case loss. That means the company has lost 32 million over time. I would have to do some digging around to find out where the deficit is coming from but it's all verifiable in the form 10
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fojcol

11/20/15 9:33 AM

#18270 RE: purefreewater #18239

The deficit stems from the loss to the shareholders of the value of their shares. Especially happens after a R/S. So for example, a company is monetized by issuing 1M shares at $1, then the value of those shares goes down to 0 (for example). That loss has to show up on the ledger somewhere. It's the company's deficit, but it's the shareholders holding the bag. Past shareholders have $31M less of value in their GDSI shares. Has nothing to do with today. It's not $$ that has to be paid back.