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TJG

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Alias Born 06/20/2007

TJG

Re: EarnestDD post# 12910

Friday, 04/13/2012 4:25:36 PM

Friday, April 13, 2012 4:25:36 PM

Post# of 13679
Thats why one needs to learn how to actually read the fins and how to understand them...if you go further into them you will find this:

The increase in net loss of $7,894,159 for the year ended September 30, 2011, compared to the
nine months ended September 30, 2010, was a net result of: an increase in our professional fees, an
increase in gross profit due to efficiencies relating to increased sales, an increase in interest expense due
to the addition of the $3,150,000 note recorded in 2011 and an increase of derivative expense of
$7,159,130
and an impairment charge on the intangible asset of $266,250 in 2011
(this is on page 19)

The Key is do you fully understand how the derivative expense is calculated... and for the last time ITS NOT DEBT as far as accounting is concerned.