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Re: Value_Investor post# 18309

Monday, 02/08/2016 4:20:53 PM

Monday, February 08, 2016 4:20:53 PM

Post# of 18385
LOL, that "latest" financial report you linked to is from March 2010 and is unaudited. It shows a yearly income loss of negative 26,153.12 and just about as much pre-income sales income as Honest George could have made as a greeter at Wal-Mart. Also, as I have shown here in the past, Solarbrook (which no longer exists except as a shell), has NO PATENTS. In legal proceedings, all but seven of the patents it once had were turned over to Dennis Mast. The rest have expired.

Bottom line: The once-upon-a-time CEO disappeared in 2012 to avoid multiple lawsuits. He was dead broke having squeezed the last nickel from shareholders via reverse splits. There is no office. No physical presence anywhere. No employees. No phone. No email. No website. No assets. No patents. Cited for 14 counts of fraud. No reporting to the SEC since 2007. Dissolved by the Secretary of State of North Carolina in 2012. And, NO BID.

In the early days (2002 to early 2005), I believe the original CEO thought he could make a go of HydroFlo (Solarbrook before the name change). When he realized it wasn't going to happen, he released a string of fraudulent PR's and was nailed by the SEC for so doing. Then came the reverse splits and the one-by-one letting go of employees from a high of 12 to zero by 2011.

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