$30 Million Debt- Read Again I think if you look at that report again you will find that only 6 million is debt and 24 million is owed to shareholders as shareholder capital. If you multiply the number of shares owned by the Directors, etc by the prices they paid, you will come up with 24,000,000. Essentially it is their investment in the company that they will eventually get back. No different than any other balance sheet, unless I missed something (but I didn't).
My only concerns are the consulting fees paid to a company controlled by an officer of a subsidiary company in an amount that is 3x what the gross profit was. Also, compensation in the form of shares was 12 x the gross profit. I have no problem with rewards, but they should be based on performance in the balance sheet.
But, to set the record straight, i didn't see 30 million in debt from expenses in that balance sheet.
GLTA
Rev