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Alan Brochstein

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Alias Born 04/26/2013

Alan Brochstein

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Thursday, 09/25/2014 8:00:04 AM

Thursday, September 25, 2014 8:00:04 AM

Post# of 6816
The reports are lacking basic information - there are no notes (just three pages of financial statements). It's pretty clear from the Cash Flow statement that the company is burning cash badly - inventory build, capital investments. The red flag that I have been pointing to for the past 18 months appears to be still waving - the convertible preferred is being used to transfer equity ownership to the Chairman's father. The numbers don't even make sense - the equity rises over $2mm in six months on $2.7mm in sales and $166k in net income???

OTC Markets doesn't have an annual report for 2013 yet either. The quarterly report that says for December 2013 is really for September.

If you don't like my posts, don't read them. If you think only those who agree with you should post, then start your own message board. My conclusions are my opinion only, based on what I believe to be true. I have no crystal ball.

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