Focus Graphite Inc V.FMS

Some FMS facts

[youknowwhat]

September 30, 2022 from Yahoo financial statements.

Current Assets $3,295,000 plus on December 29 they closed a financing in amount of $842,616 giving them a total of $4,137,616.

Current liabilities as of September 30 $6.028,000.

They will need $1,890,384 in additional financing to meet current obligations. Looks like more shares will be issued unless Mr. York loans the company some money.

[graphite13]

This is also under the category of misinformation: The only payables due are the A/P of 2.5M (the other amounts are gifts from Jeff to support something he knows will be a winner and provisions for flow through share (all these companies have this). This is offset by 3.3M in receivables. The statement of cash flows is what you should be looking at (investing 102). 1.47M at the end of the period.