Is everyone missing something here? I thought we were supposed to have AUDITED financials. If I'm wrong, so be it, but if we were to have AUDITED financials, what is "Unaudited" doing plastered across the pages? Sheesh, again, another hightly questionable release from Ike.
1.5 mill rev
1.3 mill "deferred" rev
200k rev?
So is "deferred" a clever way of saying "almost-worthless-restricted-stock" ? And are we to believe that the 200k is actual cash money?
200k in rev for the whole year? Almost 17k per month? I wonder if that's even real and who accounts for that allegedly real revenue.
Some of the wording and structure and grammar of the comments in that report seem so juvenile. Can't they read it before publishing to see such?
Almost 2 billion shares o/s as of end Sept, so probably now closer to the full 2.4 bill a/s. Guess that'll need to be increased soon.
I especially like the "cash flow positive BY Q2 2011" followed in the very next sentence with, "expects operations to generate negative cash flow AT LEAST through June 2011." Say what???
So we break that down and it says that BY Q2 (BY - which means before Q2 2011) we are to be cash flow positive but AT LEAST through June 2011 (AT LEAST - which means it could be all the way until December 2011) we are to be cash flow negative. Sounds just like last year's line of bull, yet at least he said we're gonna be negative as well. I guess Ike is having his cake and eating it also.
Plenty of other tid-bits in that report to comment on, but it is pretty dismal, like we already knew. But I think it was a HUGE FAILURE that they were unaudited.
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