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NoMoDo

01/20/24 11:12 AM

#121147 RE: surfkast #121145

Tell me you never ran a company before without telling me. G&A include things like insurance, rent, utilities, SEC filings, Accountants, legal work, office supplies, advertisement, web site... and here is the big one... the cost of producing the product... in this case, the tech. HMBL paid both cash and stock for consultants and interdependent contractors and they were not cheap. $8mil is a lot of money for a lemonade stand business, but it is pretty cheap for creating the tech for an etx, web 3 platform, ticketing/event management platform, and digital wallet.

I can understand why you are upset, but it has more to do with your lack of understanding than anything HMBL did. I currently own an $800k a year business and my accountant won't let a lunch slip by without applying the meals rule. A public company under Sarbanes is not going to allow an accountant to sign off on Foote transferring money to himself. Thinking so is... goofy and ignorant (meaning "not knowing" as opposed to being an idiot - giving you the benefit of the doubt).