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Re: billyhill post# 3935

Thursday, 04/18/2013 11:40:35 PM

Thursday, April 18, 2013 11:40:35 PM

Post# of 14097
When Be Active Brands merged into the Super Light Inc shell they filed a Super 8K which included attachments for the financial statements for Be Active Brands

If you look at that attachment you'll see that Be Active Holdings claimed to have done $1,421,954 in sales in 2011 and $877,705 in sales in 2010 prior to merging into the Super Light shell.

http://www.sec.gov/Archives/edgar/data/1514514/000152153613000027/q1100922_ex99-1.htm

So why then does the recently filed 10K show only $8,880 in sales for 2011 and $94,180 in sales for 2010?

http://www.sec.gov/Archives/edgar/data/1514514/000152153613000335/q1101055_10k-beactive.htm

The reason is because according to that same 10K the merger which brought the Be Active Brands operations into the JALA shell did not close until January 9, 2013 which means that the revenues for Be Active Brands are not yet reflected in the JALA balance sheet. The 10K only shows through December 31, 2012.

If you look at the Pro Forma Consolidated balance sheet from the Super 8K which includes both the Super Light Inc and Be Active Brands sales numbers side by side you'll see that through the first 9 months of 2012, the Super Light Inc business operations (pre-merger) did $85,300 in sales. The Be Active Brands business operations (pre-merger) did $1,582,063 in sales during that same time span.

http://www.sec.gov/Archives/edgar/data/1514514/000152153613000027/q1100922_ex99-3.htm

The first 10Q for 2013 will be the first financial report to include the Be Active Brands sales numbers on the JALA balance sheet.










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