Here is just a few things that stand out from financials, for 1st quarter of this year to 3rd quarter of last year
1) Accounts receivable was $280,851.00 for both quarters, likely means they are uncollectable receivables and will never be collected.
2) Total fixed assets stayed same 339,494.98, which includes the above receivables
3) Total liabilities have stayed the same 2,027,382.96
4)Retained earnings grew by almost a negative $1,000,000.00
5) Net income from Jan1st to March 31st was a negative $140,361/38, one of their bigger net negative.
6) Convertable note payments went down a lot, and also tANGIERS invested via notes 182,603.84. So Its a guess yes, but sort of tells me one or both of these resulted more in a take over then just shuffling CEO'S.
ALTHOUGH THERE IS SOME NEW INFO IN THIS, INCLUDING A SUPPOSED TAKE OVER OF TELEMND ASSETS, SEEMS LIKE THERE IS A LOT OF COPY AND PASTE. Telemend I have not been able to find much on in about 4 months, I thinks Rosillin scientific just let this go IMO, as they moved into other sectors, and companies. Thats a opinion of course, but I had connections at both Telemend and Ros.... so I get to bottom if any of the contact numbers still work and update the board.
It apprears except being a shell for a while, this company has not been doing much but increasing its debt. Maybe Jim has different plans then I think he does, at least hope he does, but seems like we just keep shuffling a shell around here over last 10 years more or less, with none of the companies doing anything to actually have a positive net month.
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