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Re: dWadem post# 81945

Saturday, 07/12/2014 6:06:28 PM

Saturday, July 12, 2014 6:06:28 PM

Post# of 123645
All true points but there comes a point of abuse and I think we've reached that point as we did with the exact same group of people back in 2009. Issuing shares without updating the public is just wrong and I doubt legal. They did 340 million worth of private placement deals in late 2013 and early 2014 and kept it secret until June 2014. They pay themselves more in salary than gross margin product ordered this year. It looks to me as though salaries and officer/management expenses run as much as twice the entire potential gross margin revenue for the year. They're all (3)getting around $190K according to filings and then they have a CFO and she's not listed. Probably a couple of others as well. It's very quickly looking like a 2009 replay. And let's not forget their total loss since inception in over $30 million. Where did that money go? They did maybe $2M in sales over the years so there's another 28 million that's gone missing. No inventory, no branding programs that were done, no advertising that can be accounted for. That doesn't concern you? Pennies often promote a semi-existent product in order to perpetuate the abusive actions and this is really starting to look like one.