He had to go back to his old cash cow, Alex Benz, since Dillon & co have been put out of business.
In Nov 2021, Ballas issued almost 2 BILLION shares to Benz for a mediocre $181,000 loan. I guess this is better than the 12 BILLION shares he issued to GPL Ventures in 2021 for $550K loan. But it just goes to show what an awful business man Ballas is. He also gave Benz a higher conversion rate. The minimum share price Benz gets on conversion is 0.0005...which is more than what us retailer get!!
I saw nothing in the report to indicate what he did with the $730K cash infusion from these toxic sharks.
The real business is selling shares. The CBD business is just a front to sell these shares to the toxic lenders so he can pocket the cash. He obtained $730K financing in 2021 and the company's bottom line is the same. No appreciable increase in revenue. Yes, the revenue went up by $100K but so did COGS. Marketing & advertising dollars is non-existent Net income (loss) was reduced from last year but that was largely due to a sharp reduction in operating expense.
$290,500 of this debt in the form of several notes dated from December, 2018 through November 2020, owed to A2G, LLC
representing money advanced to the company, or subsidiaries of the company
$471,500 of this debt in the form of several notes dated from December, 2018 through November of 2021, owed to A2G, LLC
representing money advanced to the company, or subsidiaries of the company for working capita
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