Wednesday, February 13, 2013 11:01:49 AM
(1)
Flameret, Inc. has a limited history of development stage operations. We presently do not have the funding to execute our business plan.
Seatex has not produced any Flameret for Flameret, Inc.
To utilize our second prong of sales approach conducted by Mr. John Glover the company will need to seek additional capital to fund this model. Presently the Company does not have the additional capital needed to utilize the second prong of sales, setting up distributors of the Flameret product.
In 2013 Flameret, Inc. intends to market through mattress distributors its Flameret product. In order for the Company to begin the distributor model it will require the Company to seek additional capital in excess of $5M in order to develop the distributor network. The Company believes it will not have the additional capital until the second quarter of 2013.
So in summary - it doesn't have ANY funding.
2nd prong???? in excess of $5M - JOKE!!!!!!
What happened to that $45M Revenue in 2012?
http://www.beaconequity.com/flameret-raises-2012-revenue-estimates-shares-drop-2011-10-20/
GLOVER you are a fraud.
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