Niru, to all shareholders misfortune, Peck was able to legally wave any liability to investors by his statements regarding contracts. ie, cancellations, economy, so on and so on, this was orchestrated very carefully and as I stated, virtually impossible to verify the contracts other than 1. My guess on there 4th Q revenues the Egyptian contract was filled but the order was changed or was not for the 750k PR'd. The inventory numbers do not jive with several documents, this has been a down hill venture for years, just under a different business entity. Carson City seems to be the place to file articles of incorporation cheaply and I have found a handful of fraudulant companies all go to the same place and list the address as listed by IARO. No coinsidence. If this continues to happen without investigation, more shares will be issued, a stock split will happen, a new takeover and name change is likely, more and more people will lose their shorts. Its been happening for 10+years with every business name using the same address or affiliation. Why you think Peck is the majority share holder of preffered stock with basically the only voting power? This man needs to explain a whole hell of alot more than his memo stated but hard to lie some more without raising a few eyebrows. Too late for Peck and where is Usla? Keeping his mouth shut because he doesn't wanna implicate himself. Yes this may be a very profitable industry wich in return attracts alot of criminal minds to it aswell. There is highly ranked U.S. serviceman involved with a company under investigation for investor fraud. Same address listed as IARO as I previously stated.
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