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Sunday, January 08, 2012 8:56:45 AM
Since the merger is already about 6 months old time is already running out. There's just enough time left to issue a few more promises and some forward looking statements and maybe a conference and some PR's to sell some more shares into.
This from page 19 of the INITIAL COMPANY INFORMATION AND DISCLOSURE STATEMENT...
"Should sales performance not meet projection numbers by end of 1st business year, we will seize the operation and take a loss on freight cost, China duty plus taxes, start-up investment, 12 months of operating expenditure, and cash reserve, total estimated figure is $315,000. Of this figure, we expect to recover $15,000 from the start-up expenditure plus 30% of the gross profit at about $70,000, and $30,000 cash, total of $115,000, taking a $200,000 loss."
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