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liable

08/02/11 1:47 PM

#45759 RE: pennysoldier #45754

The revenue actually came from the sale of stock, given that 4.8 billion shares were printed in the last year. Until the A/S is raised again there won't be a revenue source.
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Bansky

08/02/11 2:10 PM

#45765 RE: pennysoldier #45754

Your are right. EMLL has revenues. From others gold that EMLL trades.

IMO, the 185K reported in revenues is not found gold nor inventory nor assets of EMLL. They are trading others gold. IMO, that means that the 400 ounces of gold thought to be traded in previous news releases was actually more like 120 ounces.

I also have a question regarding why EMLL claimed to have 30 employees and none got paid by June 30, 2011. There is no geologist.
The accountant and lawyer are for non audited balance sheets and pink sheet letters.