Re:<"You still don't understand basic accounting 101 that says the "value" of something on the books only means its cost. Nobody "valued" the assets at $360,000...">
Well, I understand that there's a special category, media credits, which defy all basic accounting principles and companies can assign any value to them that they want. Even if they want to pull some wild number like $10 million then it's no problem--as long as nobody notices.
Yes, I understand your penny stock also is the real deal, created with the inventiveness of Edison and destined to be the next Microsoft. Yes, I understand that the delays are also only because your company is making their product even more revolutionary.