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Re: integral post# 19920

Wednesday, 04/17/2013 10:33:28 AM

Wednesday, April 17, 2013 10:33:28 AM

Post# of 23623
These are ALL excellent questions integral!!!

Annual Report is excessively flawed. First, Ive said before, you cannot list a credit card as an Asset. Secondly, there is a Reg D offering that was not filed with the SEC. The issuer has 15 days to file from the first sale. Not done. In addition, my guess is that the issuer did not file with each state in which the issuer sold stock in, another violation. Also, the offering was below fair market value, and there is no adjustment for loss on the P/L, another violation of GAAP. Where are the retained earnings statement, where is the paid in capital? Where is the cash flow statement, where do you find capital from investment activities, since we all know he disclosed he sold stock? This is not a financial statement, almost everything is missing, and nothing connects. That is the entire point of GAAP accounting.

Also, in the filing it discloses two affiliates, why are they not listed as affiliates? Why the omission?

Also, when this started out at 40 million shares some 18 months ago with a promise of no dilution do we have 285 million shares now? Why is that promise broken?

Where is there any disclosure on subsequent events, which is required in the filing as to the concluded financing? Why is the financing party not disclosed? Why are they hidden, who are they? Who brokered the deal, what are the terms.

Failure to disclose accurately. Also that list appears to be a whose who from the IR representatives family. Ever think about "beneficial ownership" disclosures? Also, how about the rent, any related party transactions you think needs disclosing?

Come on Gordon, disclose!!!!