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Re: ib12u post# 11061

Wednesday, 03/31/2010 11:39:59 PM

Wednesday, March 31, 2010 11:39:59 PM

Post# of 27806
"The Flight Zone Inc. (TFZI, Free Analysis), which is in the process of developing a gold recycling business, saw its shares more than double mid-session after filings its 2009 financial reports with the PinkSheets on March 30, 2010. During the full year 2009, the company reported a net loss of $687,555 that was primarily due to management fees of $575,000.

On its balance sheet, the gold recycling company reported assets of $675,979 that are primarily from the asset purchase of GRC and TFZI, and liabilities of $757,839 that are primarily from a long-term note payable of $732,325. Finally, the company revealed a capital structure of 10 billion shares authorized with just fewer than 7 billion shares outstanding." ...