News Focus
News Focus
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ncj167

05/17/10 11:31 AM

#51055 RE: mcrltd #51054

and the divi company SWRS!

Operations
The Company had no operational activity during the first three months of 2009; and that period
will not be included this period in the operational discussion below.
We recorded a net loss of $1,583,768 for the three month period ended March 31, 2010.
For the three month period ended March 31, 2010, we incurred general and administrative
expenses totaling $1,583,443, which primarily consisted of amortized stock compensation expense
of $1,446,586 for issuances of common stock to employees/directors and other stakeholders, along
with management fees of $125,000.As of March 31, 2010, we had current assets of $140,492, with current liabilities of $2,287,049.
The Company had negative working capital of $2,146,557 at March 31, 2010.

Glad to see Management is getting their cut HUH?.... Stay away from this POS!



http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=32061
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mcrltd

05/17/10 12:24 PM

#51070 RE: mcrltd #51054

I used to hold...bailed with $2500 after Nov 09 r/s fiasco..made huge upside run on "medicalmarijuana" stock last week with reinvest...i feel sort of like a crash scene junkie coming back to this board but it makes for tremendous amusement....