In Ovations Holdings Inc. (INOH)

[Kimber1911]

I will post the most CURRENT information that is available. I will post links to back my claims as well. If I have anything that is capitalized I am not yelling I just want to get the point across that is all. I have no desire to offend anyone, however the truth may not jive well with some. So here is some DD.
 
This first link is from March 13, 2012.
 
http://www.otcmarkets.com/financialReportViewer?symbol=MEXP&id=74708
 
This is the quarterly report dated March 13, 2012.
 
Here are financial on report:
Liabilities: 1.3 million dollars
Assets: 1.79 million dollars
 
On this link it states: "The company has no off balance sheet arrangement that is reasonable likely to have a current or future effect on its financial condition, revenues, or expenses, results of operation, liquidity, capital expenditure or capital resources that is material to investors." 
 
This can be found in Off Balance Sheet Arrangements section.
 
Take note that on the Long Term Liability there is a - mark. That means they have nothing to put there. Not that they are not showing it. They have to show it. It basically means zero. For example in the Income Taxes Payable line they have the same - mark. They had no income taxes for the company to pay as they had a net loss of 10,000 dollars.
 
Here is the quarterly report November 23, 2011
 
http://www.otcmarkets.com/financialReportViewer?symbol=MEXP&id=66026
 
Liabilities: 1.042 million dollars
Assets: 1.33 million dollars
 
Again it is stated on this report: "The company has no off balance sheet arrangement that is reasonable likely to have a current or future effect on its financial condition, revenues, or expenses, results of operation, liquidity, capital expenditure or capital resources that is material to investors." 
 
This is very important as it states there is no off balance sheet arrangements. Please take the time to read through it all.
 
Again I must point out that on the Long Term Liability line there is again that - mark. It is in place of a zero. I know that this has caused some confusion here, but let me explain again. For example in this same report you can see that in the profit section there is also that - mark, it is just saying no income.
This too is located in the "Off Balance Sheet arrangements" section. Again no mention of supposed 32 million dollars. Take notice that liabilities would increase over time as there would be significant interest gathering. But there is none. MEXP does not owe 32 million dollars!
 
But I shall press on none the less.
Here is the most recent quarterly report filed on June 18, 2012.
 
http://www.otcmarkets.com/financialReportViewer?symbol=MEXP&id=84289
 
Liabilities: 1.29 million dollars
Assets: 2.2 million dollars
 
Take notice on the report there are NO LONG TERM LIABILITIES. The space is left blank as there are none. When a slot has a - mark in it instead of a actual number, it means there is nothing to be placed there. They do that instead of placing a zero. I understand a lot of folks here are new at this, but there are NO LONG TERM LIABILITIES. Also take note that if you look at the quarterlies that I have posted they all have that - mark there. Again I must reiderate that it is in place of a zero.
 
Agian it is posted on the quarterly: "The company has no off balance sheet arrangement that is reasonable likely to have a current or future effect on its financial condition, revenues, or expenses, results of operation, liquidity, capital expenditure or capital resources that is material to investors." 
 
There is no 32 million dollars owed on these financials. None. Zip. These are the last 3 quarterlies posted by MEXP. Again there is no 32 million owed.
 
These financials are still legally binding, regardless of audit or not. Again, there is no 32 million dollar debt that MEXP owes.