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Jayyy

09/07/17 12:06 PM

#10523 RE: old biohf guy #10522

LOL. This is certainly an organized, insolvent fraud. -this scam is INSOLVENT. A third grader would be able to calculate that when you have 20k in revenue and LOSE $$ EVERY QUARTER for years and have LIABILITIES of close to a million dollars there is NO WAY too pay those liabilities including taxes. Especially true when accumulated losses are approaching $3 million. HERE are just some of the payables--hard to pay on 20k in REVENUE--just an INSOLVENT mess.
Accounts payable and accrued liabilities -129k
Advances from shareholders 52k
Taxes payable 56k
Related party payable 371K