I just spent about 20 minutes reviewing the financials. Overall, I’m pleased with what I see in the financials. Here are a few things that stuck out to me:

• The float decreased by 107 million shares from 4/30/12 to 7/31/12
• As of 7/31/12, there was $102.8k cash in the bank, which is almost double that of 1 yr ago
• Low current & long-term liabilities
• $526.4k assets vs. $303.4k liabilities (and most of the liability amount is a N/P to Dustin)
• App business snapshot:  If you break out the Action App portion only, it shows a $117.6k profit for the 12 months ending 7/31/12
• “Company Acquisitions – We continue to search for additional opportunities for expansion through acquisition of other companies and have reviewed several recently. If and when we find suitable candidates, we will make appropriate announcements.”
• Despite the recent troubles with Apple, revenues have hung in fairly well. We have yet to tap into the Android market.
• CEO recently bought $25k worth of stock