RE:Really, a financing
True. Assume the broke shell actually raises $550k...
Subtract 10% Closing costs leaves $495k
The following numbers are from the audited financials of this shell....
subtract $159k in "compensation" for short term.... yeah these dudes did tons the past two years lol.
That leaves $336k
Subtract $120k in """management""" fees to what appears to be the great leader President at $10k a month for his hard work the past year.
That leaves $216k
Subtract $37.450 owed to an officer or director of the company (IR???)
Subtract $72,663 to companies related by common directors
That leaves $105,887.
Think this shell will actually spend the last cash after paying that owed to related parties (then there is cash owed to the shell's numerous creditors) on the property? Doubt it! The track record suggests strongly to the contrary. Good luck having the shell generate any news from this proposed raise for potential new victims lol!!!