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Re: None

Thursday, 09/25/2014 10:31:51 PM

Thursday, September 25, 2014 10:31:51 PM

Post# of 15274
Just goes to show how BORED I am that I'm reading the last 10-Q.

Anyway, I noticed a substantial increase in accounts payables last quarter.

The previous quarter they were $650,254 and increased to $877,542 last quarter. That's about a 35% increase. What did they buy or contract to buy that cost $227,000?

Nothing changed in assets except for $325,000 that apparently vaporized -- or at least I couldn't find where it went.

On top of that, they said:

"Subsequent to June 30, 2014, the Company raised additional working capital of approximately $90,000 through the issuance of equity instruments."

What's that probably translate into -- another 10 MILLION or so shares?

And "working capital"? What a joke! More like need to pay Conrad his salary for another useless quarter!

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