Replies to post #17642 on Embarr Downs, Inc. (EMBR)

[surfkast]

Joseph Wade has done nothing but publish all out lies just like the two 8K's below? The below releases entices investors to believe they have plenty of money. In fact in the last quarterly it is suggested $200,000 times 4 equals $800,000 for the year! It claims they generated $631,000 in revenue! The August 21st one misleads the investors into thinking the will generate $1.6 million! Now if we dig further into the rocking horse, the fish poop farm and the poker butter in a spray can!

Item 8.01 Other Events.



For the quarter ending November 30, 2014, the Company had approximately $246,000 in cash and had generated approximately $631,000 in revenue with non-GAAP profits of approximately $500,000. Our financial focus is on long-term, sustainable growth in free cash flow. Free cash flow, a non-GAAP financial measure, was approximately $200,000 for the quarter ending November 30, 2014.



As of December 22, 2014, we believe that current cash, cash equivalents, and marketable securities balances will be sufficient to meet our anticipated operating cash needs for at least the next 12 months. However, any projections of future cash needs and cash flows are subject to substantial uncertainty.

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10371134

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W+B Partners has generated revenue of approximately $400,000 since it began operating in June 2014 and has assets in excess of $5,000,000. The assets are based on the closing price of the securities it holds. W+B Partners typically is paid a cash fee plus a 4.9% stake in its consulting clients. We expect the merger to close after September 1 due to the fact that Embarr’s quarter will end on August 31. By closing after September 1 it will provide the Company additional time to determine the accounting impact of the merger and if the previous revenue will be account for on Embarr’s profit and loss or just on-going revenue will be accounted. The merger will not result in the issuance of any additional shares since our current majority shareholders are the majority shareholders of both entities.

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10166734

[Murray]

B... looks like they are lining things up to move this thing! EMBR

[integral]

Per the issuers independent audit filed with the SEC just last month:

INDEPENDENT AUDITOR FEES

The following is a summary of the fees billed to us by our independent auditors for the fiscal year ended August 31, 2014 and August 31, 2014:

Fiscal Year 2014 Fiscal Year 2013
Audit Fees
$
12,000
$
-

Accounting and Audit Plan

We expect are audit fees to be approximately $11,000 - $20,000 for the 10-K and $2,500 - $5,000 to review our 10-Q.In the next twelve months, we anticipate spending approximately $20,000 - 40,000 to pay for our accounting and audit requirements.

E gads, who did they pay $10,000 for XBRL expense? It was not in the audit, and if they paid it, they got seriously ripped off.