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Re: tedpeele post# 59

Wednesday, 05/21/2008 12:49:21 PM

Wednesday, May 21, 2008 12:49:21 PM

Post# of 76
i am not still in, haven't been since it ran from .30s to .70s a long time ago. I do watch it. obviously it's not a trading stock, it would be a potential value investment / micro cap growth holding. I would suggest thoroughly reading the recent 10Q and perhaps waiting for the 10K which should be filed soon, as they have filed for a late 10K.
39,082,791 common shares outstanding as of April 17, 2008

Complete April 10Q here: http://sec.gov/Archives/edgar/data/1130809/000106299308001852/form10qsb.htm

Liabilities outweigh assets by only 500k, although they did lose 942k in the 3 months preceding Feb 29, that's less than previous quarters.
Notes payable for stock and warrants are good for another 3 years with expense paid by investors in the .50s range include warrant strike @ .54 and .59.

3 fulltime employees and 3 contractors and we expect to grow gradually as needed.
There has been a recent addition to the board of directors, see April press release.

Investor and Media Relations Contact:
Marty Tullio
McCloud Communications, LLC
949.553.9748
Email Contact

Company Contact:
Scott Rose
Ikona Gear International
604.523.5507
Email Contact



Revenues for six months prior to Feb 29 only about 2 million.



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