Replies to post #16833 on Goliath Film & Media Holdings (GFMH)

[funnyG986]

GFMH 10K out today. Turned into profit in 2016

158M OS as November 22, 2016 with 28M in float
Shares issued @0.01 per share in 2016
Total officer/director/5% owners 129,358,362 81.8%
Net income $35,780 in 2016 compared to net loss ($277,975) in 2015

In fiscal year 2016, we issued a total of 13,249,000 restricted common shares to an affiliate in accordance with Rule 144, in exchange for approximately $132,490.

In fiscal year 2016, we issued a total of 6,000,000 restricted common shares to a third party investor in accordance with Rule 144, in exchange for approximately $60,000.

Net income (loss) before income taxes for the year ended April 30, 2016 totaled $35,780 primarily due to revenue of $175,000 and decreases in professional fees,
consulting services costs, office rent, and travel costs, compared to a loss of $277,975 for the year ended April 30, 2015 primarily due to consulting services costs,
travel costs, marketing costs, stock based compensation expenses, office rent, and professional fees.