They also doubled the debt, double the cost of said goods. It’s all bad. He’s had 5 years to bring this back to life and even with the miracle of getting off the greys, it’s sank back and he’s provided absolutely zero value for shareholders. Matter of time till bankruptcy or a halt.
And more than 1/2 of those assets are listed as INTANGIBLES (like customer lists ) that doesn't carry weight like in other businesses ,when there are no repeat sales ) Did you also notice that MH gave himself a $575,000 exit package . The money acquired from CANX was used as cash for operations like salaries -so it was a smoke and mirrors SALE of more shares at a discounted level from their previous .033 PPS deal . MORE DISCOUNT financing.
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