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Friday, July 01, 2011 11:20:04 AM
Here is an excerpt from the SEC filing stating the reason for being late:
NOTIFICATION OF LATE FILING
For Period Ended: MARCH 31, 2011
Certain financial and other information necessary for an accurate and full completion of the Report could not be provided within the prescribed time period without unreasonable effort or expense.
That is ridiculous! Gary is paying the following contractor for the following financial services. Therefore, all financial and other information should be readily available!
Continental Investments Group:
(j) Identify and assist Corporation in the preparation of its annual, quarterly and current reports with SEC and issuance of press releases;
(1)Conduct due diligence with respect to the financial condition of INOL and shall, together with Corporation's management, assist with the preparation of financial forecasts and detailed strategic growth plans.
Tro Investments Inc:
(c) Conduct due diligence with respect to the financial condition of INOL and shall, together with Corporation's management, assist with the preparation of financial forecasts and detailed strategic growth plans;
Connied Inc:
(b) Identify and assist Corporation in the preparation of its annual and periodic reports with SEC and issuance of press releases;
(k) Engage and compensate the accounting activities for all SEC quarterly and annual filings;
Fuselier and Co., Inc:
Consultant shall, in connection with this Agreement, may conduct its due diligence with respect to the financial condition of INOL and shall, together with Company's management, prepare three year and five year financial forecast and a detailed strategic growth plan. Consultant's information material shall include the Executive Summary and Strategic Growth Plan
(e) Consultant shall perform on a periodic basis the following functions, but nothing herein shall be interpreted as an appointment of Consultant or its independent contractors or employees as directors of INOL, nor shall Consultant have such involvement in the management of INOL as to bring Consultant within the definition of "control person" under the federal securities laws:
b. Assets and Operations of the Company - Prior to the end of each fiscal year, Consultant will review the Company's financial position, and, together with the Company's auditors, assist in gathering information for the Annual financial statements with notes for the past three fiscal years of the Company, and the latest interim financial statements since the end of the last fiscal year and product sales and cost of sales analysis as requested by the Company.
Stockholders (with NO vote in the matter) are shelling out 15 million shares -- each and every month -- to each of these companies. It's kinda like taxation without representation, isn't it.
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