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inthesky

04/01/22 10:36 AM

#139641 RE: Miami Sun #139640

Right. Most of it comes from large deferred salaries and interest expense. Only insiders and debt holders will gain as the company is more profitable. The shareholder has lost so far in this game. Shareholders have lost 80% value since the RS. Unfortunate truth. I don't see the metaverse going anywhere. Too much money needed. In addition, the hemp farm is most likely not going anywhere either. If it is, will probably add another $1M in convertible debt. They need cash but only 1 subsidiary is actually being operational. Too bad they can't sell off Jasper and Keto for the amount they spent.
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Cia14

04/01/22 11:03 AM

#139642 RE: Miami Sun #139640

Basic math is hard I guess!