Replies to post #200 on PSM Holdings, Inc. (fka PSMH)

[Royal]

PSMH Liquidity and Capital Resources

Our cash and cash equivalents were $234,646 at March 31, 2012 . As shown in the accompanying consolidated financial statements, we recorded a net loss of $3,059,459 for the nine months ended March 31, 2012 , compared to a net loss of $854,564 for the comparable prior year period. Our current liabilities exceeded our current assets by $206,631 at March 31, 2012 , and our net cash used in operating activities for the nine months ended March 31, 2012 was $1,239,814 .