FYI:
further information on Soma Gold per their 12/31/22 financials:
cumulative deficits - $58million
shareholder equity - $2.766million
total assets - $52million
total debt - $49million including subordinated debt owed to a company owned by an officer of the company $22million at 12% interest. $3million per year in interest.
Debt to assets - 94%
2022 net profit - $257,000
Market cap as of 8/14/23 ($54million)/ 12/31/22 book equity (2.766million) is 20 times.