Mike Lindell Media Corp (MLMC)

[freto]

This came from the last 10Q

Can anyone explain this?? TIA


As of March 31, 2006, the Company had
stock subscriptions receivable totaling $3,150,000 from three
investors in connection with approximately 163,846,000 shares of
common stock that had been issued related to these receivable
balances. The Company's management has reviewed and evaluated these
receivable balances and believes there is no collectibility issue with
regards to such receivables.