Slojab
2 months ago
If he's insinuating that the land is worth over $3M, he should sell it and buy a less expensive piece of land somewhere else.
3.49 Acres of Industrial Land Offered at $1,800,000 USD
Keep in mind, Carnes paid $750K for it two years ago. And it's commercially zoned, not Industrial like the comp he's mentioning.
Also, the improved property will be valued according to the income it produces. So even if the land is worth $1M, it won't matter to resale.
BigJuan
2 months ago
Yes but the rest is restricted leaving a much smaller float. โฆ
Outstanding Shares
103,653,125
04/22/2024
Restricted
77,785,477
04/22/2024
Unrestricted
25,867,648
04/22/2024
Held at DTC
23,004,279
04/22/2024
Slojab
2 months ago
Outstanding Shares
The number of shares outstanding of our Common Stock was:
91,653,125 as of August 31, 2023
126,157,992 as of May 31, 2022
Yet the O/S count as of today is 103,653,125, even higher than 8 months ago.
samson8
7 months ago
$900k on General and Administrative expenses is absurd. That and the company is in debt to the 2 ringleaders, Carnes and Lenny Greene, forever to the tune of $4m plus interest since they wrote promissary notes to themselves. They will be out of cash soon (if not already) and are really trying to pump it now to sell the current offering. Look for this to ramp up:
F-13
NOTE 11 โ SUBSEQUENT EVENTS
Management has evaluated subsequent events through the date these financial statements were available to be issued. Based on ourevaluation the following material events have occurred that require further disclosure:
โข Following the close of the fiscal year ended August 31, 2023, the Company sold a total of 12,000,000 shares of its common stock for a total of $40,000 on subscription agreements associated with the Companyโs Reg A offering.