Spare Backup, Inc. (fka SPBU)

[Leo9]

What the PR fails to mention is that the SALES have actually DECREASED in the reported quarter when compared to three months ended June 30, 2010. That decrease is substantial: over 30%.
Also not so positive is a comparison that takes into account the six-month period - the decrease of the sales there is by almost 75%. Respectively, the net "losses stay in the millions", while the current "liabilities of SPBU go already over $11 Million", most of which convertible into shares. Despite the management's optimism about the new distributors of the company, that can hardly be called such an optimistic financial report.
http://www.hotstocked.com/article/16961/spare-backup-inc-otc-spbu-stops-again-at-the.html