News Focus
News Focus
icon url

Eagle1969

06/09/11 3:05 PM

#4173 RE: steve5 #4172

That the company admits being deep in the hole in their SEC filings is a false statement?

On March 22, 2011 the company filed an SEC statement which included this line on page 10:

" However, the Company has accumulated operating losses since its inception and has limited business operations which raises substantial doubt about the Company's ability to continue as a going concern".

Are you saying this is a false statement?

They also related year to date losses for 9 months as of the end of January of $404,649.

They admitted they then had cash left of ----$26,998---This company that you say is going to make millions and millions.

They stated that they have assets of $897,445 and liabilities of $2,830,365--in other words liabilities outnumber assets by 3 to 1.

Against this you are predicting milions and millions in profits.

If there are false statements the posters here can probably figure out where the false statements are coming from.