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MFlores

05/16/14 1:56 PM

#29358 RE: Leolinges #29354

Here are some facts:

Losses Cash Used
2007 $(4,801,900) $(4,260,618)
2008 (4,205,916) (4,594,742)
2009 (4,342,761) (485,406)
2010 (2,972,488) (688,240)
2011 (7,043,410) (320,115)
2012 (1,787,643) (165,897)
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MFlores

05/16/14 2:01 PM

#29359 RE: Leolinges #29354

Royalty expense going down while sales go up? Makes no sense.

Beverage Sales Royalty Expense
2007 $- $ (93,104)
2008 1,500,713 (827,813)
2009 1,784,028 (745,121)
2010 7,712,492 (2,257,582)
2011 2,943,921 (2,142,765)
2012 4,177,624 (614,721)
2013 ytd $2,623,204 $(37,494)

No wonder PB wants to get rid of Circ.
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MFlores

05/16/14 2:33 PM

#29362 RE: Leolinges #29354

Just read the SEC filings. That is where the information is found. However, you do not want to read the filings because you do not want to know the facts and reality.