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Re: mike93433 post# 2382

Tuesday, 08/25/2009 1:04:12 PM

Tuesday, August 25, 2009 1:04:12 PM

Post# of 6308
Mike,

First off i was just asking if anyone had seen that, but since you would like a debate i can deal with that as well.

1)Yes the job advertisements are on the we site, Not one thing else besides those have been update in over a year. Why is that?

2)Yes you talked to the company about information coming out, as it was said before we were suppose to have fins the first week of August that did not come. And they supposely talked to the Company as well. So either the company did not keep their word or someone lied. We will see about this week and what comes from the latest (I talked to the CEO campaign)

3)There maybe information out there but i can not see it that last filing on their website states: For the twelve months ended December 31, 2007, Spearhead Limited, Inc. recorded an operating loss of US$ 1,110,370. If there is other information out there I have not seen it, can't say i have looked either, kinda hard to pay down debt when you are orrucring a loss. Where is this line of Credit you speak of, How much is the line of credit and whose it with?

4.) Ok yes i seen the Government contracts, but along with that what is the profit margin on those, enough to sustain a business, or continueing to operate with a loss. just because they have a contract doesn't mean they are profitable, It means they have cash flow. What type of contract is a A time and material or fixed, if fixed, if something happens and it runs over who eats those costs.

I run a business and deal with service contracts on a daily basis, I know this type of business. Depending on the type of contract you sign, fixed can make you alot of money if finished ahead of schedule and a T/M contract you should make whatever predetermined mark up you might have. I don't see where it states that anywhere.