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Re: HoundOfBaskervilles post# 17370

Thursday, 04/05/2012 12:29:36 AM

Thursday, April 05, 2012 12:29:36 AM

Post# of 45244
Worth analyzing the financials.

What I see from Q3 to Q4 (correct me as appropriate).

- Revenue from $263K to $284K; 10%, really nominal in light of the 'kicker' provided by holiday sales per a company PR.

- Profit from $62K to $80K.

- Accounts Payable and Other Liabilities from $275K to $1.5M, or 4+ years of profits!!!

- Although mysteriously not in the P&L, the statement of shareholders equity shows a Q4 increase of deficit of $1.2M due an 'adjustment for non-recorded debt.'

Also telling, the issuance of 950K shares for 'professional fees,' perhaps to the 'independent' research company who issued the opinion on the company's stock potential back in December?

Wish the company filed 10-Ks, perhaps the mysteries would be revealed.