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Re: ollie54 post# 17681

Saturday, 03/15/2008 3:57:49 PM

Saturday, March 15, 2008 3:57:49 PM

Post# of 40625
It,s agood thing you guys don't have a lot of money in play. Real simple ... total shares outstanding (stock that is owned by the common shareholder) x the price per share = the market capitalization of the company. Guys the share holders outside of insiders have only invested about $60,000. You can't even buy enough ingredients to make a truck load of product. If you look at the balance sheet this company is upside down ... in other words in the red. Their assets are only $107,000. The capital surplus which is the insider stock position is $30mm with a care over lose of $31mm. They owe suppliers in excess of $250,000. THEY HAVE NO MONEY unless there is a new insider that is going to bank roll this deal.