Wednesday, July 22, 2009 6:21:51 AM
I believe the $1.4 million payable to consultants is Jared's claim along with the $775,000 in accrued officer salary and loans from shareholder $122,000. Total due Jared then was $2,346,908 with interest accruing most likely.
Jared is for himself only. I suspect with all the money he repaid himself he has bought a new house as they are cheap now. JMHO
http://www.pinksheets.com/otciq/ajax/showFinancialReportById.pdf?id=14753
Anyone notice that he does not even explain the selling of the additional 100 million shares? The prior sales of stock were explained but he knows there is no logical explanation he can say like "We are losing money and I (WE) need to stay afloat until we become successful and bring value to the shareholders". Does any Jared supporter know what he did with the proceeds of the last 100 million stock sale?
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