Value Microcaps Free-For-All

[jtomm]

ACBT There was only a pathetic attempt at a "balance sheet" in that link. None of the other financials were there. There is no profit & loss statement, and there's no such thing as a "retained earnings statement", as far as i know. Retained earnings, or lack thereof, are always mentioned on the balance sheet.

In a year and a half that's all the financials they could come up with. And they're in the accounting business. And those numbers are undaudited. And they don't post those numbers on their website.

-The PR, which I did see, also made no sense to me.

"Tri-State Employment Services, Inc., a national Professional Employment Organization (``PEO') and Staffing Firm has made an equity investment and agreed to purchase stock from certain stockholders which, when completed later this month, will result in Tri-State owning approximately 15% of the Company. The purchase price paid by Tri-State to the Company was $.40 per share."

It says that certain stockholders are selling and yet that money isn't going to those stockholders, but instead being paid to the company. Makes no sense.