Replies to post #11610 on Industrial Nanotech Inc (INTK)

[trade2much]

Boog wow I just looked at that then googled the compound interest calculator, now things make a lot more sense. This part of the 10Q was very puzzling it sure doesn't look very good:

Income 2010 Mar vs yoy Mar 09
Revenue $ 265,076 vs $ 171,254
Less: Cost of Goods Sold 72,896 vs 37,357
Gross Profit 192,180 vs 133,897
Operating Expenses
Sales and Marketing 12,696 vs 15,516
General and Administrative 873,074 vs 202,504 4x as much
Research and Development 41,250 vs 18,720
Professional and Consulting 561,863 vs 24,677 [color=red][/color]
Depreciation 22,278 3 51
Total Expenses 1,511,161 vs 261,768
(Loss) from Operations ( 1,318,981) (127,871) So the sales increased and the loss went up 9x? Am I reading this correctly?

[onewhodoes]

yet he took 20 million shares in in exchange for some of the debt owed to him, i'm really having trouble here seeing anything heinous about what he did if he lent nearly one million dollars of his own money to the company and 10% compounded monthly is nothing to the interest rate they would have to pay to an actual lender.

it's also not like he said hey you now owe me such and such because of the debt agreement and allowed for the 6% and five years down the line this company will either be dead and gone or 25 cents and above