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bjandthebear

07/21/09 11:45 PM

#4748 RE: uptop #4747

Team IFSL Awesome Huge News On Financials; Please go to www.pinksheets.com and put in our stock symbol on the left side of front page. This will take you to our stock page. Then click on Filings next to Company Info. Check both filings.

Awesome News; I hope everybody added shares before Wednesday.

Go Team IFSL !!!!!!!!!!!!
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OOO1

07/21/09 11:51 PM

#4750 RE: uptop #4747

Any bean counters here? Gotta balance sheet question.

What's the deal with accrued payroll of $913,000? Do you think this is deferred compensation for management/owners? For first 6 months of 2009, salaries per income statement were only $145,000. Let's say outside services is paid consultants/contractors - that's another $323,000. So basically, accrued payroll at 6/30/09 was twice the amount of total wages paid for the first 6 months? If the company is vastly growing, would this make sense?

I am long approx 1.3MM - just asking a question - please do not call me a basher. I've lurked here a while but this is my first post. Great website.