My bet -- and hope for shareholders -- is the bad numbers are caused by incompetence.
The 'Unidentified and Intangible Answers' solution is likely interim -- they felt they had to get something out because they said they would, but didn't have the time or energy to decide on the specific part of the 'debit' side of the balance sheet to assign each of the transactions.
However, we are only talking about 50 transactions, seems like that could have been taken care of in a day or two, certainly less than a week.
And why they had to restate the actual number of shares outstanding at the end of prior quarters is beyond me, it is really incompetence to not know your shares outstanding.
The numbers shown will NOT pass an audit; I would expect to see a thorough restatement whether before the next quarterly results or interim, don't know. When that restatement comes out, I would expect a significant reclassification from 'assets' to 'accumulated deficit.' If not, it will happen at time of audit (should there ever be one).
And oh by the way, I just noticed issuance of 15,000,000 shares at .01 per share in Q1 2013 to raise $150K (approximately 6% dilution -- suggests BCCI market value of <$3M as seen by the investor), a quarter during which the weighted dollar average of public transactions was north of $.05/share.
IMO.
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