Although Joe and Jake have already done a good job of covering the details of Dr. Dan's abysmal second quarter, I had a couple of thoughts after reading their analysis that I wanted to share.
First, the wide gap in between Daniel's cash-on-hand (just under 486K) and his quarterly report (303K) means he's been spending money like wild. Of course, he's got a payroll to meet, and some top-tier consultants (SKD, Scott Gale, and Fred Yang, better known as Advisor B) ; still, he apparently spent nearly 300K in this quarter. Where did it all go?
Here.
"But, anonymous guy on the internet" you protest, "why are you showing me the 2004 report?"
And now I direct you to the line of that report that reads "Candidate Loans.