Shearson Financial Networks Inc. Message Board

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Non-Tech : Shearson Financial Networks Inc.

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From: otherbrotherdaryl	8/18/2007 10:17:29 AM
	of 314

Poor SFNN could not pay RedChip cash to be promoted to more loan sharks during the 16th and 17th so they agreed to pay in stock. RedChip accepted. They always accept. But when Shearson did not have enough shares to pay La Jolla, AJW, and RedChip at the same time, something had to give........... RedChip was set aside. Someone need ask some serious questions: If SFNN is netting $500,000 a quarter why can't bills be paid in cash or on time? Why do cash amounts only grow a few hundred dollars in six months (from $9000 to $9600)? Why a reverse split? Why does the corporate deficit grow each and every quarter (over $600,000 this past quarter and now nearly $27,000,000 in total)? Why do adminstrative and selling costs escalate like they do? Why do SEC filings require ammendments time after time? Why so many 8x filings? Why do common shareholders have equity in only 13% of the company? Bend over baby!!!!!!!!! Scam city.

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