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Re: A deleted message

Wednesday, 04/02/2014 2:04:55 PM

Wednesday, April 02, 2014 2:04:55 PM

Post# of 25333
Which figures in the filing are misconstrued?

From the last 10Q: http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9709901

"The Company had no revenues for the quarter ended November 30, 2013" also, "The Company had no revenues for the six months ended November 30, 2013" - I think stating that they had ZERO sales is entirely accurate, no?

"Total operating expenses for the six months ended November 30, 2013 were $1,033,397" - estimating +/- $2 million for the year is likely to be pretty accurate, no?

"Cash and cash equivalents $ (38 )" - page 3 (assets) - accurate, no?

I stated the only meaningful asset of the company was the investment in Imagic Ltd. The company in fact does have another 15% equity investment in Barefoot Science for about $15k after having recognized an impairment charge of $4,605,480 in the year ended May 31, 2013 after the Marketing and Distributino Agreement was cancelled. Most I think would agree this 15% stake is not meaningful, but stand corrected if you feel otherwise.

Regarding subsequent events to the 10Q, the Company has reported a number of new product initiatives to bring value to shareholders. In particular the Jan. 30 shareholder update: http://ih.advfn.com/p.php?pid=nmona&article=60852639

1. The IRcharger/Power+ was promised to be available "very shortly" in retail outlets and online. This has yet to come to fruition. There was also the tantalizing promise of a "signing a global distribution agreement for a minimum order of 2.4M units per annum are now on track with our preferred wholesale worldwide distributor." - we are now 2 months later with no news of same.

2. SmartLink - the Company stated "product being targeted for general release at the end of March 2014." - since we are in April, one would expect an update.

3. Imagic Printer - 2nd quarter release. No word on expected margins (or costs) - looking forward to more details.

4. Zaktek Product - company admits to it being a flop.

5. Monetizer 101 - results of promised Canadian launch yet to be determined

6. Barefoot Science - another flop

7. Executive team = 3 (I stand corrected over my "one man operation" comment - should be a "3 man" operation)
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