Sleeperzzz in the PinkyLand

[alexindef]

ILVG - huge spike of the volume today
27,683,904 versus 1,500,000 average

10QSB is out on January 22/08
ILVG is pink but: (10QSB - page 18)
On August 28, 2007 the Company filed notice of late filing of the Company’s 10KSB annual report for the year ended May 31, 2007. On October 15, 2007 the Company filed the 10KSB annual report for the period ended May 31, 2007. The filing date was beyond the September 12, 2007 extended filing date and, as a consequence of the NASDAQ OTCBB rules regarding late filing of annual and quarterly reports, the Company was delisted from the OTCBB to the Pink Sheets quotation system. Under Financial Industry Regulatory Authority (“FINRA”) rules pertaining to late filing, the Company will not be eligible for re-listing on the OTCBB for a period of one year following the date of non-compliance. To qualify for re-listing a Company must be current in its filings during the 12 months preceding application for relisting. Application for re-listing follows the requirements of SEC Rule 15c2-11. The Company intends to remain fully compliant with the reporting requirements of the OTCBB and to seek re-listing.

A/S 500M https://esos.state.nv.us/SOSServices/AnonymousAccess/CorpSearch/CorpDetails.aspx?lx8nvq=sxDnCYh70NJqWFUr%252f8%252fnPw%253d%253d

O/S 141,990,246 http://www.pinksheets.com/edgar/GetFilingHtml?FilingID=5663784

Co diluted around 40M into float & PPS dropped from .005/.006 to triple 0s (with .001 par value. LOL) - these shares should be dissolved up-to-date

Sign of life: (10QSB page 16/17)
RESULTS OF OPERATIONS – for the three months ended November 30, 2007 and November 30, 2006
For the 3 months ended November 30, 2007, revenues from continuing operations were $59,270 compared to zero in the same period ending last year. These revenues are a result of the sale of smart home products and services offered through the Company’s subsidiary MCM.
For the 3 months ended November 30, 2007, gross profit was $24,462 compared to zero in the same period in the prior year. Gross margin (gross profit as a percent of revenue) was 41%, approximately equal to the forecast value of 40%.
Operating expenses for the 3 months ending November 30, 2007 were $51,364 versus $17,029 for the same period in the prior year.
The Company recorded an operating loss from continuing operations of ($26,903) for the period ending November 30, 2007. This represents an increase of 58% compared to a loss on operations of ($17,029) for the same period in the prior year.
Total other expenses for the three month period ending November 30, 2007 were $14,765. Total other expenses were $12,708 for the comparable period in the prior year. The net loss from continuing operations for the three month period ending November 30, 2007 was ($41,668) compared to a net loss of ($29,737) in the comparable period in the prior year. This represents a 40% increase in net loss comparing the quarter ended November 30, 2007 to the quarter ended November 30, 2006.
During the 3 months ended November 30, 2007 the Company incurred expenses associated with its discontinued wholesale business. Expenses were partially offset by a gain on the sale of discontinued inventory. The net loss from discontinued operations was ($88,613) compared to a net loss of ($231,840) for the comparable period in the prior year. As at November 30, 2007 the Company had approximately $108,888 of home décor inventory remaining for disposal.
The total net loss for the 3 months ended November 30, 2007 was ($130,281) compared to a total net loss of ($261,577) for the corresponding period in the prior year. The total net loss decreased 50% compared to the corresponding period in the prior year. A loss of ($22,717) was realized as a result of foreign currency translation and the resulting comprehensive loss the period ending November 30, 2007 was $(152,998) compared to a comprehensive loss of ($266,648) for the corresponding period in the prior year. The comprehensive loss decreased 43% compared to the corresponding period in the prior year.


T/A: Pacific Stock Transfer Co [phone] will verify SS

needs to break through .001 wall