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RFB

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Posts 6210
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Alias Born 07/07/2011

RFB

Re: None

Monday, 12/31/2012 10:03:27 AM

Monday, December 31, 2012 10:03:27 AM

Post# of 96908
Finally got ahold of the K. As Howe forecasted with the note, this thing is all about ugly. Not much if anything positive about this piece of paper. This is sell your shares and run material. Dont look back and get as far away as possible material. One of the key lines I enjoyed the most was, "Sales to 5 customers represented approximately 87% of total sales for the year ended September 30, 2012. As of September 30, 2012 approximately 80% of our accounts receivable was due from two customers. Sales to five customers represented approximately 90% in 2011."

NOW THAT IS RAMPING SALES!!! LMAO. Same old IWEB. Becoming a printing press more and more each day. They were nice enough to blow a ton of money on PR and his cronie at the PR firm though.

Also of note, I was unaware of all the legal proceedings. I had not noticed them in previous releases. That will be a ton of expense moving forward....having to defend all this litigation.

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