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binzur

01/06/07 12:41 PM

#12349 RE: eelfland #12347

Take a look at the unaudited financial through 9-30-2006. Shows cash and cash equivelents of $865K and accounts receivable of $998K, then record October sales. Seems to me they should have the cash to buy it outright. I know they are unaudited financials so until we see AF's filed we really don't know for sure!
Binzur

http://www.ibaccorp.com/IBACCOMPLETEFINANCIALSSEPT.pdf