California Grapes International, Inc (CAGR)

[pantherj]

HUH? You've just proved my point and the statement itself is laughably conflicting. By admission it is unaudited;

(should be read in conjunction with the unaudited consolidated financial statements for the three months ended June 30th, 2010,)

Then it goes on to say it was prepared in accordance with US GAAP standards. Which of course is not the case or we would have the name of the accredited accounting firm. So, I should think that reading through their double talking and conflicting statements would make it perfectly evident that they are hoping to leave the impression that the consolidated financials have been properly audited, when in fact they have not. Legitimate companies do NOT do these things.

Conclusion: The consolidated financials are, at best, highly questionable.