Replies to post #1925 on Ad Systems Communications Inc (fka ADSYQ)

[Luckybstrd]

Further down in the 10Q

I hope I did this right

"Our operating expenses were $6,096,355 for the nine months ended September 30, 2010, as compared with $269,177 for the same period ended 2009. Again, operating expenses were dramatically more in 2010 that in 2009 because of a large amount of shares, 89,000,000, were issued to various consultants at $0.06 per share in August 2010. Thus, consulting fees were $5,736,963 for the nine months ended September 30, 2010 as compared with $230,050 for the nine months ended September 30, 2010. Operating expenses have also increased dramatically due to the cost of going public. General and administrative expenses increased to $243,739 during the nine months September 30, 2010 from $34,499 in 2009. And professional fees increased to $106,337 for the nine months ended September 30, 2010 as compared with $3,628 for the same period ended 2009."

[sespears]

I can understand that the operating costs are high as they are a start-up and with equipment, installation, technical and everything that goes with expenses, I would have still thought we would have seen some green. Since we are not privy as to when services are paid and on what time frames, I can even forgive all the RED, but as you said, what the hel were those consultation fees and who were the consultants and their relationship with ASC? If they do not send out a PR with some clarification, I am not sure what direction I will take.