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Wednesday, April 03, 2013 9:23:38 PM
These two sentences from the PR speaks volumes = desperado - gheeez!
Over the next few months, we expect to emerge as a fast growing, fully reporting, profitable small company free of all long-term debentures and with a near zero balance on our credit line."
Debt Forgiveness - Management has successfully negotiated with a debt holder to cancel approximately $236,397 of debt. No shares, warrants or options were granted in exchange for this cancellation. This debt cancellation will likely result in a large one-time gain during the March 2013 quarter and will significantly improve balance sheet ratios.
seems like ronny has been cancelling debt forever to reach profitability. meanwhile, the OS keep going up up up up up.
Laughable.
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