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BeerIsGood

06/23/10 1:28 AM

#11804 RE: water boy #11799

BALANCE SHEET?? You call that a balance sheet? It has 4 numbers on it. It shows Cash(actually it says or equivalent - whatever that means) of $209,036 and Payables of $299,000.

They can't even pay there bills ending in March. At that time, they had not even started making components or testing which is where all the expense starts really adding up.