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Tuesday, 07/17/2012 8:46:52 AM

Tuesday, July 17, 2012 8:46:52 AM

Post# of 963
RBCCD Annual Report:

Outstanding shares increased approximately 11% over the last 6 months to 595,000 shares (post 1:20 reverse split. Subsequently, on April 13, 2012, the Company issued 20,000 shares of common stock to an individual for consulting services resulting in a total of 615,000 shares currently outstanding.

RBCCD entered into an agreement to purchase 5% of the outstanding stock of N3D for $249,826, payable at $5k per week until paid off. Through March 31, 2012, the company has made payments totaling $15,000 to N3D. The company has written off the investment to general and administrative expense due to the uncertainty about whether the carrying amount is recoverable.

CEO Patrick Brown receives $5500 per month.
Mr. Foxwell is being compensated at a rate of $2,500 per month.
The company has $20k in cash reserves.

Most important information from the annual report - there is a new Beneficial Owner: Glendive Investments registered in Poland by Cambirdge Securities (owned by JT Cloud and Robert Federowicz): http://www.infocredit-online.pl/en/Company-report/KRS-392725,Activities-of-head-offices,Mazowieckie,Warszawa,Glendive-Investments-Sp-z-oo.html

In August 13, 2010, the company sold 450,000 shares of common stock to our founder, Lou Foxwell, for $0.02 per share. On October 13, 2011, Mr. Foxwell sold his shares to Glendive Investments, a Polish company, for cash proceeds of $10,000 (resulting in a net profit of $1000). So this begs the question, why did Mr. Foxwell leave so much money on the table? His 450,000 shares at current market price is valued at $558,000!!

RBCCD has two employees
RBCCD has two shareholders

RBCCD incurred a net loss of $555,211 for the year ended March 31, 2012. Net cash used by operations for the year ended March 31, 2012 was $195,095.

RBCCD earned a gross profit of $28,614 attributed to their Father Fish Aquarium division.

RBCCD recognized general and administrative expenses in the amount of $582,349 for the year ended March 31, 2012 and issued stock for services resulting in general and administrative expense of $355,000.

The company incurred a net loss of $551k for the year.

The Company anticipates it will require around $200,000 to sustain operations and implement its business plan over the next twelve months. Additional financing is required to continue operations. Although actively searching for available capital, the Company does not have any current arrangements for additional outside sources of financing and cannot provide any assurance that such financing will be available.

The annual report makes no mention of pending deal with AMBS.

Meanwhile, Patrick Brown's other venture he is CEO of has lost yet another 35% yesterday fading into oblivion: OMVS

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