InvestorsHub Logo
icon url

TechGuru

02/05/09 5:47 PM

#1462 RE: xanadu #1461

The Q4 financials is also inconsistent with the recent news release on January 16, 2009, that states the company "has not experienced the same economic down turn as other businesses because our market is growing". The newswire goes on the say that RBRM expects to have sales of $6 million in 2009. What a bunch of crap. The Q4 financials shows RBRM as having NIL sales in Q4 and will have no sales in 2009 and will only earn 15% royalties from RMT sales(that is unless the royalties are waived because RMT is in financial distress).