iPackets International Inc. (IPKL)

[finance lizard]

Everybody needs to realize that the share structure doesn't matter right now....

Why you ask...

1. The Company once it begins generating sustainable cash flows will buy back shares and clean up its share structure.

2. They are incentivized to do this because they own a massive amount of stock.

The long term vision is to not be trading on the pinks.... just take a look at their unaudited financial statements. What Company submits 100% GAAP compliant fiancial statements that trades on the pinks???

These guys are going to a higher trading board... to do that at some point the share structure must get cleaned up and they will have to get 3 year audit of their fiancials.


When that audit is finalized and you see the $2.3 million of deferred tax assets pop onto their balance sheet you will know that we have made it. Right now they have appropriately booked a full valuation allowance against those DTA's because under use GAAP rule FAS 109 you can't book those as assets unless you can prove you have sustainable income to utlize them.... next year the company will get $2.3 million more in assets on their BS just because they will be a profitable operation. Good luck all!