RE:RE:RE:RE:RE:RE:RE:RE:MMJ - Financial Records of DisasterAnyone observing the balance sheet for this company
during these past years, will be aware of the following;
sunserve wrote:
BACKGROUND:
Upon inception in 2008, Matica was named
Cadman Resources which was, a Capital Pool /
Start-up "Fundraising" agency.
(primarily paying themselves-management & friends
- expenses / fees / stock options / etc.)
Since then, MMJ has been involved in various so called
"business" ventures, (Graphite - Clorine tabs - Lithium
M.M.J. - Electric boats -etc.) which have produced
the following Financial Records - Deficit Results
(with no sales / products / inventory / etc.)
From SEDAR Files of the past 5 years
which are increasingly & cummulatively Worse each year
Av. # Com.Shares /Share Capital / Accum Deficit
(raised) (expensed
2012 - 11,307,404 1,418,514 (1,450,721)
2013 - 23,015,587 2,089,574 (2,419,336)
2014 - 42,578,083 4,611,612 (4,253,931)
2015 - 82,726,858 6,664,368 (7,087,246)
2016 -119,415,024 7,109,961 (7,635,251)
(Sept. 30/16)
As of May 31/2017
Shares Out -
155,641,691 Share capital (total raised) -
$8,027,453
Accum. Deficit (expensed) - ($8,126,043)
(Assets: $506,110 Liabilities: $234,376) Any cash on hand due to SP increase, or
settlement payments, will be short-lived as per usual
& end up in the pockets of management & friends.