Rainbow Coral Corp (fka RBCC)

[Voices of Reason]

RBCC Quarterly Report

O/S shares increased over 1.5 million shares to about 9.2 million total

Total assets = $92k

Cash = about $19k

G&A for the last 6 months was $750k (compared to $50k last year)

The Company incurred a net loss of $812,730 during the six months ended September 30, 2012 and had net cash used in operating activities of $189,566 for the same period.

A number of toxic convertible notes remain, too numerous to mention here, but can be found at: http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8926868

There is no mention of any subsequent events with AMBS.