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Re: jackblack1968 post# 797

Friday, 11/12/2010 7:11:25 AM

Friday, November 12, 2010 7:11:25 AM

Post# of 44231
Seriously you deleted my post which was full of facts straight out of the 10K? And revenues have not doubled. If you read the Q3 financial statements you will see that revenue for Q3 was $228,428 and total revenue for the first 3 quarters was $561,257. Total revenue for the entire year according to the 10K was $613,357.

That means they only made $52,100 in revenue in the 4th quarter, or a decline of $176,328 (-77%). They had zero cash on hand and a $15K liability for bank overdrafts. No maybe things will look better on their FY 2011 Q1 filing due Monday, but this annual report paints a very bleak picture. If this direct marketing campaign isn't wildy successful then there is much more dilution coming your way in the near future.
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