Print the entire paragraph. The only thing the p-rick will do is a R/S! Paul Smith will leave another group of bagholders. I feel for all of you! It took me six years to make my $5000 back!
B. Management’s Discussion and Analysis of Financial Condition and Results of Operations.
Due to the completion of the company’s test with iMenu24/7, the company did not generate revenues
from its online ordering system during the first quarter of 2012. On March 16, 2012, the company
entered into a Conditional Commitment Letter to fund iBrands. The total funding amount is $10 million.
The Conditional Commitment Letter requires the company to complete a comprehensive due diligence
process that is acceptable to the funder. iBrands received an initial request for documents on March 28,
2012. There are no guarantees this funding will close. During this extensive due diligence period, the
company continues to search for funding to implement its business plan and cover its deficit working
capital.
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