Afinida Inc (TREP)

[otc_buzzard]

Well you should tell STTK that, in their most recent 10-Q they catagorize it as a liability and call it a "Bank Overdraft" on page 4. They also list no "Cash" as assets. If they had cash collateralizing a line of credit they should have entries in both catagories.

I wonder if there are more "problems" like this in STTK's accounting. LOL

Here's a few more interesting tidbits from the 10-Q

Bonus payable $302,768
Amounts due officers and directors $242,532
Total shareholder deficit -$422,796

Almost amazing that some company like this would be allowed to even be public.

There is apparently one mistake on Stocklemons report that I saw...

He quotes "apparent shares outstanding" as 73 mm but as of yesterday STTK's stock transfer agent quoted me 106 mm shares. If I was long this stock I would be worried about the apparent 45% dilution within the last few months.