Replies to post #11764 on Bitcoin Generation Inc. (BTGN)

[mrgreen07]

yup. that what I like about it, I am glad you catch that too:
"Because InoLife is rapidly expanding its business,"

[KELLYCO]

That is not what the financials show.

http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=7985023-7780-11404&type=sect&TabIndex=2&companyid=643922&ppu=%252fdefault.aspx%253fcompanyid%253d643922

INOLIFE TECHNOLOGIES, INC.
(A DEVELOPMENT STAGE COMPANY)
CONSOLIDATED BALANCE SHEETS



(Unaudited & Restated)
December 31,
2010 March 31, 2010
Assets
Current Assets:
Cash and Cash Equivalents $ 95,021 $ 42,512
Prepaid Expenses 869,425 -
Other Current Assets 5,950 -
Total Assets $ 970,396 $ 42,512

Liabilities and Shareholders' Earnings (Deficit)
Current Liabilities:
Accounts Payable $ 77,804 $ 71,358
Loans Payable-Management 6,675 39,993
Current Portion of Convertible Notes Payable 158,750 -
Accrued Interest 40,784 4,370
Payroll Tax Liabilities 14,211 14,211
Total Current Liabilities 298,224 129,932

Convertible Notes Payable, Less Current Portion 245,000 204,750
Total Liabilities 543,224 334,682

Shareholders’ Earnings (Deficit)
Common Stock, par value $0.01 per share, 250 million shares authorized, 194,266,836 shares issued (105,115,744 shares as of March 31, 2010) 1,942,668 1,051,157
Preferred Stock, par value $0.01 per share, 50 million shares authorized, none issued - -
Shares held in Escrow (250,000 ) (250,000 )
Additional Paid In Capital 1,651,586 -
Retained Deficit (2,917,082 ) (1,093,327 )
Total Shareholders' Earnings (Deficit) 427,172 (292,170 )
Total Liabilities and Shareholders' Earnings (Deficit) $ 970,396 $ 42,512

Do you know what a "retained deficit" is?

Because those are the quotes that tell the real story.