I can't imagine why you would think I was confused when I was also quoting directly from the last 10K. If you would like clarification on the 10K, then I would suggest contacting the accountant, Larry O'Donnell, since he audited the 10K and thinks it is free of material misstatements. If you think the auditor is mistaken or is a party to fraud then you should immediately report that to the PCAOB. Let us know how it goes. Thanks for trying!
"In my opinion, the financial statements referred to above present fairly, in all material respects, the financial position of , Inc. as of July 31, 2009 and 2008, and the results of its operations and its cash flows for the years then ended, in conformity with generally accepted accounting principles in the United States of America."