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Post# of 133793
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terry_mathews

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terry_mathews

Re: terry_mathews post# 5509

Thursday, 04/05/2012 6:38:51 AM

Thursday, April 05, 2012 6:38:51 AM

Post# of 133793
this pretty much says it all..

Total revenues since inception is $700K and yet they authorize a stock buy back up to $600K. Interesting. In the 9-months ended September 2011 the revenues were only $118K or 25% of their authorized buy back. The fact that they lost $810K or 7X their revenues should not be of concern to anybody as they did have $11,000 in cash as of September 2011.

We would know more about what they are doing but besides that bogus release of news on a buyback they have not filed their financials on time for all to use in mocking the buyback some more.

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