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Re: TooFrank post# 73628

Thursday, 08/08/2013 3:55:17 PM

Thursday, August 08, 2013 3:55:17 PM

Post# of 380514
There is a discrepancy in the NTEK financials which does appear to be a typo in the either of the two cases.

ASSETS
Current Assets:
Cash $ 33,090
Accounts Recievable $ 111,096
Inventory $ 128,797
Prepaid Expenses $ -
Prepaid Royalties $ 40,000
Total Current Assets $ 312,983

Then there is a paragraph in the fins as follows:

INVENTORY
The Company’s inventory is stated at the lower of cost or market using the FIFO costing method. Inventory on
hand totaled $128,797,042 at June 30, 2013 and consisted components and finished goods gaming
equipment available and ready for sale.

So which is it? $128K OR $128M?