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loanranger

04/09/22 6:20 PM

#30884 RE: nicoausto #30882

"Pathetic" is being too generous.

Gross Revenues: $10,000 (nope....none)
Cash Flow: $10,000 (nope)
Cash Flow Type: EBITDA (Huh? ZERO earnings)
Inventory: $5,000 (nope....none)

"cash requirement is less than 80,000 usd. plus stock participation"
Pays off insider debt and provides them stock.

Buyer gets a shell with a murky background and a ticker that trades on the OTC for $.02.
What do current shareholders get? Depends on the viability of the acquirers operations. Probably diddly squat. What legitimate company would buy this ticker? It has been for sale for a decade or two.