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Re: Trinityz1 post# 11513

Saturday, 12/26/2009 4:15:58 PM

Saturday, December 26, 2009 4:15:58 PM

Post# of 14027
Looking over the current filings it looks like Phillip Krueber is the President/CEO of RICP. I'm not sure how much JD is involved or if he sold off his interest in the shell to RICP.

The company had $26K in total sales and a net income of $14K according to the financial. Not very impressive. The financial statement is just summarize. It doesn't disclose much information. Although the unaudited financial statement was prepared by a CPA, it doesn't indicate to what level of assurance was provided by the CPA.. The CPA can prepared a financial statement review (negative assurance) meaning some of the amounts on the financial statement had been traced/vouched as to its reasonableness. The CPA could also prepare a Compilation, which he basically prepares a financial statement based on amounts GIVEN to him by management. He does not give any assurances for accuracy or correctness.