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Re: MARKSMAN post# 72

Tuesday, 04/02/2013 6:07:10 PM

Tuesday, April 02, 2013 6:07:10 PM

Post# of 3886
Just one Question: WHY???
How did you come up with that bid?

The Company (per the last 10k) had 600$ in cash and NO other assets.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9070864

Fiscal Year Ended December 31, 2012

Revenues . As of December 31, 2012, we have not generated any revenues and remain a development stage company.
Net Income (Loss) . We had a net loss of ($58,906,066), or ($0.40) per share, for fiscal 2012 compared to a net loss of ($138,206), or ($0.00) per share, for fiscal 2011. This represents an increase in net loss of ($58,767,860), or (42,521.9%). Our net loss, including the increase in net loss, was primarily attributable to the issuance of shares to our officers – current and former – and outside consultants. Other components of our net loss included the costs of our complying our ongoing SEC reporting requirements, applying for DTC Eligibility, and preparing a Registration Statement on Form S-1.

Operating Expenses . Our total operating expenses for fiscal 2012 was $58,902,007 compared to $136,577 for fiscal 2011. This represents an increase in operating expenses of $58,765,430, or 43,027.3%. Our increase in operating expenses was primarily attributable to the issuance of shares of our common stock to our officers – current and former – and outside consultants. Other components of our operating expenses included the costs of complying with our ongoing SEC reporting requirements, applying for DTC Eligibility, and preparing a Registration Statement on Form S-1, which have consisted primarily of legal, accounting, and outside consulting fees.

Other income (expenses) . During fiscal 2012 we recorded ($4,059) in other expenses compared to ($1,629) compared to fiscal 2011. These other expenses included ($3,909) and ($1,629), respectively, in imputed interest expenses related to a note outstanding payable to a related party. The imputed interest was recorded in our financial statements under additional paid-in capital.

Total Stockholders’ Deficit . Our stockholders’ deficit was ($59,044,272) as of December 31, 2012.

Liquidity and Capital Resources

As of December 31, 2012, we had $600 in cash and no other assets. Our total liabilities were $40,109 which consisted of accounts payable of $559 and a note payable aggregating $39,550 to one of our stockholders. This note is a demand note and does not bear interest. Further, we had no external credit facilities (i.e. bank loans, revolving lines of credit, etc.).

Tons of shares will be dumped into the Market here since most restriction of the issued common shared are off already or will be off soon.

With an O/S of 500M shares that is equal to the A/S of 500M at least you don't have to fear any dilution yet but better check NVSOS once in a while.

The Webpage is a complete Disaster imo, the mention a contact Email on it but per the WHOIS Data the CEO can be reached here:
Registrant:
Seon Won
15800 Crabbs Branch Way
Suite 310
Rockville, MD 20855
US

Domain name: SWCHINAIMPORTS.COM

Administrative Contact:
Won, Seon info@taurusfp.com

15800 Crabbs Branch Way
Suite 310
Rockville, MD 20855
US
+1.2404811083

http://taurusfp.navicomnetwork.com/recent-deals/
Nice List of Clients... lol

Now again, what do you think justifies a Market Cap of $60M and your bid of .10 i really like to understand how you came up with that valuation...

Thanks in advance

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