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Re: loanranger post# 178800

Sunday, 04/22/2012 6:47:25 PM

Sunday, April 22, 2012 6:47:25 PM

Post# of 312015
Disgorgement and fines should take take of the remaining equity, inventory and equipment. You might want to contact the SEC and OSC.

From 10K filings - Shareholder Equity

Total Equity 2009: $22,946,908
Restated 2009 $11,138,200 Less media credits
Total Equity 2010: $5,033,380 Less 2 subsidiaries
Total Equity 2011: $2,111,612 Ouch


"Now, less than 10 million shares later we have over $5 million in shareholder equity (minus stock sub. liabilities)"

Yep, pretty impressive all right. Turned a little less than $40 million in shareholder money into a little more than $5 million in Shareholder Equity.

Not too shabby at all. Real braggin' material.