Mass Megawatts Wind Power Inc (MMMW)

[Solarman]

Retained deficit is similar to retained earnings except that it relates to losses instead of earnings. It is not an accumulated deficit like the federal accumulated budget deficit which is a debt. For example, $7 million of retained deficit is the losses that can be carryforward for tax purposes. It is not accumulated deficit related to debt. Accumulated losses related to retained deficit are not acumulated deficit or losses that can be considered as any debt that generally carry a long term liability. The total liabilities of $250,000 is not a current liability but a long term liability. The current liabilities or obligations that must be paid within a year is substantially less than the $250,000 number. I think that it is around $50,000. Mass Megawatts does not have $7 million worth of debt and it is a loss carryforward. It is common that OTC companies have $7 million or even $100 million in long term debt. It is important to understand that the debt obligation is only around $250,000 for Mass Megawatts.