Replies to post #17010 on GeneSYS ID Inc fka GNID

[7amo007]

In what project the money goes

[StockMedic1]

This is the problem when you have smart faders that don;t know how to read financial disclosures, so I will spell it out here.

You can lose $4.8M 2 ways - you can raise the money and spend it all - or you are FORCED to account for the stock you issue which gets booked to losses. Its that simple. The company only raised about $400K from convertible debt - it didn't even raise $500K in 2015. All the losses are attributable to the way the government requires the company to account for stock issuances. Thats all.