Tuesday, June 14, 2011 6:38:19 AM
How about Gary is selling shares just like he stated to the SEC that he was going to do because he squandered the $1.6 million dollars he sold of shares in 2010 and may not be able to continue basic operations because he created a $2.9 million deficit.
http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=7985023-1032-50001&type=sect&TabIndex=2&companyid=643922&ppu=%252fdefault.aspx%253fcompanyid%253d643922
Page 8
""INOLIFE TECHNOLOGIES, INC.
NOTES TO FINANCIAL STATEMENTS (UNAUDITED)
NOTE E -GOING CONCERN
The accompanying consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America which contemplate continuation of the Company as a going concern. The Company has losses for the nine months ended December 31, 2010 of $1,101,064. As of December 31, 2010 and from the date of inception June 17, 2009 the Company recorded an accumulated deficit of approximating $2,917,082. Further, the Company has inadequate working capital to maintain or develop its operations, and is dependent upon funds from private investors and the support of certain stockholders.
These factors raise substantial doubt about the ability of the Company to continue as a going concern. The financial statements do not include any adjustments that might result from the outcome of these uncertainties. In this regard, Management is planning to raise any necessary additional funds through loans and additional sales of its common stock. There is no assurance that the Company will be successful in raising additional capital. ""
You keep lining up suckers and Gary's market makers will bid whack for sure.
After all he has paid consultants that are hired to introduce him to market makers.Now why is that needed?
Gonna make a difference !
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