If you review the filing , they are issuing shares for debts , lawyers, consultants, employee contracts, etc,etc,,etc,,, > Do you really think $17k cash will cover all of these needs in the upcoming qtr? PLUS cover the rest of the announced share buybacks , on $17k cash , AND they will have a lot of expense getting SpongeBob going for sure , pay for the tooling, advertising, COG to get new product up and running, they will need even MORE cash to get a product like that off the ground , you will need national advertising, not just in New York stadiums and localized commericals , they will need big bucks to make sponge bob work , and dont get me wrong , sponge bob could be MONSTER HUGE SUCCESS , could double the current sales with that one product alone , but it will have to be a low margin product sold in high volumes, moms are not going to pay $20 for sponges for the kids bathtub , and that brings me to why? why? play all these games with the filings and disclosures , and these PR with "intends to" garbage , if they are truly about to knock this out of the park why are they playing these games like some pinksheet that could implode at anytime , makes no sense to me , they fail to disclose true operating costs , fail to disclose the "private entities" that are carrying costs not being charged back to the company and exactly how much are those costs , why? they add confusing verbiage to the revenue recognition , is it when product ships or only standard sponges when product ships , what does "In instances where products are configured to customer requirements" mean? how much in revenues does this account for vs shipped products? then they list Purchase orders in the filing , then the whole confusing "intends to" PR , these are games pinksheets play , makes no sense..... If this company is as good as some say it is , then why play these games?
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