Embarr Downs, Inc. (EMBR)

[surfkast]

SO WAS THIS A LIE IN THEIR SEC FILING?

W+B Partners has generated revenue of approximately $400,000 since it began operating in June 2014 and has assets in excess of $5,000,000. The assets are based on the closing price of the securities it holds. W+B Partners typically is paid a cash fee plus a 4.9% stake in its consulting clients. We expect the merger to close after September 1 due to the fact that Embarr’s quarter will end on August 31. By closing after September 1 it will provide the Company additional time to determine the accounting impact of the merger and if the previous revenue will be account for on Embarr’s profit and loss or just on-going revenue will be accounted. The merger will not result in the issuance of any additional shares since our current majority shareholders are the majority shareholders of both entities.


http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10166734


We have experienced recurring net losses from operations which losses have caused an accumulated deficit of ($1,844,776) as of August 31, 2014. We had net losses of ($1,796,729)