Wayland Group Corp MRRCF

Paper Loss - Convertible Debentures

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For anyone who does not understand finance, the loss is not an operating loss, it includes the 44MM Convertible Debenture/share issue when the company originally RTO'd.  The real loss is in the 6MM dollar range which much of was legal fees due to McKesson, The Financing in September, NanoLeaf, etc..  These are one time expenses and will not carry forward at the same rate.  I would expect sales to pick up also with Lovell coming on and the fact that they now have product.  Sales were better than expected considering the down time from the spring storm.