Yes, boys and girls... it's auditing time ! ....
But first, my apologies to the legendary Johnny - U. Bro, did not mean to parrot your MO re the "MO" Dude, mia scuse !
Back to audit. Ivan no like the results. In Mother Russia, gulag for results like these.
Audit firm of Dostoyevsky and Pushkin no like the following:
- Unuadited - same as trusting Putin
- revenue of $3.2 - 82% from pets and vacuums Note 14
- cost of sales $1.5 million rubles; selling and G&admin - a whoooping $6.3 mill buckaroos > awe-inspiring... inflation and stapler costs
- R&D $900,000 > Research make soviet great!
- compensation - Putin make proud $875,000
- $3.5 m write offs - evidence of massive strategi success, like we have in Ukraine; Russian losses is fake news
- cash bleed $3.2 million over 60 business days is $50,000 a day Mountain Time
- $ 9 m total loss (even in Moscow, we could not figure out how spend so fast)
- 20 million share dilution - shekels must come from somewhere
- Note 12 - same shekels must go to somewhere, can you spell "self deal" like Hindenburg say? Note 12 13 million warrants issued; Note 12 17 million options ready to fire like hypersonic missile SEDAR.com shows it's all there in plain sight
- Note 13 - related parties received $2 million. shareholder comrades.... say bye bye as dineros exit the company coffers (your equity)
- Note 15 $700,000 in advertizing costs; $2.8 million annualized? The pumperama was fast and furious but man was it amateur.
- Note 18 - oh no! Lawsuit! Formwer unhappy stock option or warrant holder?
- Note 19 - pet sale to generate only 12 days reprieve of daily cash bleed.
Audit firm of Audit firm of Dostoyevsky and Pushkin to Newbies: stay clear !
Long live the Poutine....
Constantine
As they say in your Hollywood: Just the facts ma'am