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1manband

06/16/13 4:50 PM

#14486 RE: MIKAL #14485

That is not correct. It is not as of June 7, 2013.

Their unaudited and questionable "filing", including those very questionable "financial statements" are for the quarter ended March 31, 2013 and were first submitted as part of their PR package on May 15, 2013.

The company could have, and likely has, issued a substantial number of new shares since that "filing". As I pointed out previously, they issued 25,000,000 shares to retire just $25,000 in debt. At the time the stock was issued, the stock was trading over $2, which means they nominally paid $50 MILLION in stock to retire just $25K in debt (which may or may not have been real in the first place).

And people wonder why the stock price dropped like a stone. And who knows how much more stock they have given away to insiders and friends since then, ready to be dumped in the market.