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StockSleuth

08/14/17 9:55 PM

#5171 RE: Cheds #5170

Just read the Q and you will see all you need to see. This sham has less than $35K in the bank (did any of you listen to this clown of a CEO claim in the last investor call that they were in "the best cash position of the company's history") as of June 30th, paid $60K and issued almost 3M shares of stock to the clowns from Whaxy which has not brought in a penny of revenue, increased payroll by almost $700K for the first 6 months of 2017 compared to 2016 and increased G&A expenses by almost $1.7M for the same time period ALL WHILE REVENUES DROPPED BY ALMOST 50%. THIS FRAUD OF A COMPANY IS LOSING HUNDREDS OF THOUSANDS OF DOLLARS PER MONTH. Who in their right mind would ever invest in this garbage? The CEO and Board should be fired and charged with mismanagement of shareholder funds and locked away with Madoff! Typical Dutchess deal and would love to find out how much money that crook Leighton walked away with while using these clowns as pawns for his toxic scheme. And you people wonder why I have advised you to stay away from this pig.