Aqua Vie Beverages (fka AVBC)

[Long]

Actually... the first 600K in the PR stating 600K in the first 10 weeks of that quarter, was revised to $192K in the amended 10Q for the Oct. 31, 2000 quarter filed June 21, 2001. The following quarter was revised to $563K, and the recent 10Q stated $750K total for three quarters instead of the $1.2 previously reported. I found it interesting that the bottom line stayed the same, they just reduced expenses to offset the reduced income.
If the production agreement in March 2001, the Albertson's deal was shipped in April, and the production halt was in April, it appears there was only one strong quarter of reorders. No explaination as to why a PR for $600K was revised to $192 three quarters later, sort of like Bush's fishy numbers. Maybe that is one reason there is a new accountant. Too bad quarterlies are not audited, but saving fees is paramaount now. No distinction between Acct. Rec. and Revenue? Someone suggested returned product, perhaps one or more of the failed distributor deals was on a forward looking shipment and restocked.
BTW, does anyone have a comment on the reduced quantity of outstanding preferred shares? Gave insiders a little cash to reinvest last quarter?