CyberKey Solutions fka CKYS

[roerules]

Coolbrew: sorry, I saw that you picked up on the retained earnings. Most of what is in the expenses are immaterial relative to cogs. Of course there is zero visibility into the what makes up COGS. The big number for me is the mysterious 12 million in retained earnings that appeared in december.

My guess is that jim sold about 800 million shares during the 4th quarter and rather than show the increase in book value as additional paid in capital labeled it retained earnings.

I can't imagine that these are innocent mistakes. Especially since JP hired a controller during the fourth quarter. However, I did think it odd during the small cap engine video interview with the controller that she appeared like a deer in the headlights. Also, her desk seemed totally clear of paper. You would think she would have plenty to keep herself busy getting the finances in order.