Replies to post #497 on Prime Star Group (fka PSGI)

[dollarwize]

MOHLMAN GANG RIPS OFF 1.5 MILLION DOLLARS

It is now going to be called Primestar Group so they can dust their trail of tracks and start fresh somewhere else. New name and same old criminals.

LIAR Roger Mohlman and the band of THIEVES that they are didn't make a sound when they ripped off the company and stockholders. Remember how the company had no money and the phoney x wife story? Here they admit she is called THE WIFE OF ROGER MOHLMAN.
Well here is your sad tale of how they paid theriselves a fortune for their inconvenience. Pretty much says there was no money to operate a company but Roger Mohlman and Donna Mohlman helped theriselves to 1.5 MILLION DOLLARS.
read it and weep.
KEEP REPORTING THE THIEVES TO THE SEC



Results of Operations for the Years Ended December 31, 2007 and 2006.

or 2007, our general and administrative expenses consisted of a consulting fee of $240,000 to our president Roger Mohlman and rent of $486,000 paid to entities controlled by the wife of Mr. Mohlman. For the year-ended December 31, 2006, our general and administrative expenses consisted of $315,000 in consulting fees to Mr. Mohlman, $486,000 in rent to entities controlled by the wife of Mr. Mohlman;

We had no revenues for the year ended December 31, 2007. For the year ended December 31, 2006 we had revenues of $35,589 as we wound down operations. These sales resulted in a loss as our cost of goods sold totalled $79,406. For the year ended December 31, 2007 our general and administrative expenses totalled $726,000 a decrease of $1,274,647 or 63.7% from the $2,000,647 for the year ended December 31, 2006. For 2007, our general and administrative expenses consisted of a consulting fee of $240,000 to our president Roger Mohlman and rent of $486,000 paid to entities controlled by the wife of Mr. Mohlman. For the year-ended December 31, 2006, our general and administrative expenses consisted of $315,000 in consulting fees to Mr. Mohlman, $486,000 in rent to entities controlled by the wife of Mr. Mohlman; $293,000 of rent paid to non-related parties, $738,358 in professional fees, principally involving the Laurus repossession matter, other offices salaries of $125,000, lawsuit settlement cost of $29,750 and miscellaneous expenses of $13,505.