DOMK quarterly results:
The good news:Outstanding shares increased only by 775,000 shares to 30.3 million.
Quarterly Solarwerks sales were $16.1k on cost of goods of $6.1k, netting $10k for the quarter.
The bad and the ugly news:
Cash dwindled down to $6332 in the piggy bank
"Management and the Company's Corporate Lawyers have undertaken a detailed review of all shares issued by previous management. During this review, counsel has put in a place an administrative hold on these shares."
"On June 20, 2012, the Company formed a new wholly owned subsidiary, Musclefoot Inc. in the state of Nevada for the purpose of distributing, marketing, and acting as sales agent for the patented foot care system, Barefoot Science. This entity is currently in default under the Nevada Secretary of State"
"Hui Shi You of China, the Company's supplier of old solar chargers, gave notice that our exclusivity had been revoked"
"... the Company has inadequate working capital to maintain or develop its operations..."
"All Solarwerks inventory were considered unsellable and subsequently returned to the manufacturer. Remaining inventory on the books was written off and any payables owing to the manufacturer have been offset against monies paid to date"
"Mr. Strasler is entitled to an annual salary of $150,000 and 100,000 stock purchase warrants"
"Mr. Ritchie is entitled to an annual salary of $240,000 and 250,000 stock purchase warrants"
"Mr. Johnson is entitled to an annual salary of $84,000 and 100,000 stock purchase warrants"
"Ian Nuttall received an additional 800,000 shares as a consultant to Domark of Rule 144 common `A' stock in Domark International Inc. valued at $2,304,000. Ian Nuttall received an additional 425,000 shares as a consultant to Domark of Rule 144 common `A' stock in Domark International Inc. valued at $382,500. Ian Nuttall received an additional 775,000 shares as a consultant to Domark of Rule 144 common `A' stock in Domark International Inc. valued at $143,375"
