Apparently the numbers confirmed everything that was stated before that they were going to be disappointing. In fact here is something to chew on, the next quarterly is going to be even worse. Debt is up another $1 million, defaults have occurred, and well during this current quarter April-June they only paid another $281,000 in notes. Yet will amass another half a million in losses from operations and only raise another $30-40K in Gross profits.
So default on $115,000 for over 6 months now, two other loans for a total of $1.3 million defaulted on July 15th, 2012 and a court case filed in Florida over $15,000 in fees. Worse yet this guy got paid $162,000 this year to run this company into deficit another $4 million dollars and piles on more debt in which he cannot pay. The company uses nothing but toxic debt financing to operate, and most of it is paid towards salaries, the top operating expense for two years now. It is only followed by Promotion and Marketing, which slaps every investor here in the face, it should be the top paid out operational expense.
Market Data 
Markets 
AI
