Hall of Fame Beverages, Inc (HFBG)

[NomahsBettah5]

The quarterly paints a pretty nice picture for us shareholders. There are people out there who are into forensic accounting and can really read between the lines--I'm not one, but I can give you my take on what this filing tells us.

These are the key take-aways:

- Very excited that the o/s is only 2.7m... that is lower than most estimates that I've heard on these boards.
- Some might question why Ross is listed as the Director, CEO and CFO--remember that this statement is for the period ending 6/30, and the new mgmt was PR'd 7/29.
- The big number here for us: $290,000 in inventory on hand. The question: is this "finished"/estimated value of "finished" inventory? Ingredients? Regardless, it's significantly higher than expected. Inventory turns into revenue (or so we hope), so this number being higher than expected bodes very well for us.
- Cash at the end of the quarter was $241,027, which is enough for the company to stay afloat, market, etc. this first run of production. This confirms the PRs that claim no need for further share issuance and that they are "fully funded." Once revenues start rolling in from this first run, we'll see the company start making more and more frequent production runs...