here are two post I liked from the other board they are from NYBagelz.
Interesting filing with the SEC; I found the following sections of the April 19th SEC and to be very interesting. This filing was clearly written by the company's new attorney, not management. Why would the attorney write such things if they were not true? Here are the most interesting parts, of course this is just my opinion. If all of this comes true value of this company will soar.
“The debt cancellations will likely result in one or more large non-recurring gains during the June 2013 quarter and/or previous accounting periods. The warrant cancellations are expected to generate substantial additional one-time, non-cash flow related gains for the Company as derivative liability charges currently carried on the balance sheet are reversed.”
“Because our trade payables have been paid down very substantially over the past few quarters, we are expecting our balance sheet to be very strong, nearly long-term debt free and with very manageable trade payable levels.”
“We believe our upcoming balance sheet, which will be free of nearly all long-term debt and free of warrants, options and outstanding preferred stock will more accurately reflect the true value of our growing company.”
“The Company expects calendar year 2013 to be one of continued growth in both monthly recurring revenues and distribution sales, which will allow the Company to realize sustainable positive operating cash flow. We believe the growth rate and the positive operating cash flow we are currently realizing is sustainable into 2014 and beyond.” Less
“The debt cancellations will likely result in one or more large non-recurring gains during the June 2013 quarter and/or previous accounting periods. The warrant cancellations are expected to generate substantial additional one-time, non-cash flow related gains for the Company as derivative liability charges currently carried on the balance sheet are reversed.”
“Because our trade payables have been paid down very substantially over the past few quarters, we are expecting our balance sheet to be very strong, nearly long-term debt free and with very manageable trade payable levels.”
“We believe our upcoming balance sheet, which will be free of nearly all long-term debt and free of warrants, options and outstanding preferred stock will more accurately reflect the true value of our growing company.”
“The Company expects calendar year 2013 to be one of continued growth in both monthly recurring revenues and distribution sales, which will allow the Company to realize sustainable positive operating cash flow. We believe the growth rate and the positive operating cash flow we are currently realizing is sustainable into 2014 and beyond.” Less
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------------------------------here is the second post from NYBagelz--------------------------------------
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Got to wonder why an attorney would allow such a thing to be posted if there were not some factual basis. I think this company is going to surprise everyone. For example:
"Because our trade payables have been paid down very substantially over the past few quarters, we are expecting our balance sheet to be very strong, nearly long-term debt free and with very manageable trade payable levels."
For this I am guessing we will see a lot more debt cancellations.
And this.....a very bold statement if there was not something to back it:
"The Company expects calendar year 2013 to be one of continued growth in both monthly recurring revenues and distribution sales, which will allow the Company to realize sustainable positive operating cash flow. We believe the growth rate and the positive operating cash flow we are currently realizing is sustainable into 2014 and beyond."
...and DEBT FREE....are you kidding me? Why would they file this with the SEC????
"We believe our upcoming balance sheet, which will be free of nearly all long-term debt and free of warrants, options and outstanding preferred stock will more accurately reflect the true value of our growing company."
MDHI.....Getting ready to be the one in a THOUSAND pinks to make it.
Makes one think...now does it not.....
"Because our trade payables have been paid down very substantially over the past few quarters, we are expecting our balance sheet to be very strong, nearly long-term debt free and with very manageable trade payable levels."
For this I am guessing we will see a lot more debt cancellations.
And this.....a very bold statement if there was not something to back it:
"The Company expects calendar year 2013 to be one of continued growth in both monthly recurring revenues and distribution sales, which will allow the Company to realize sustainable positive operating cash flow. We believe the growth rate and the positive operating cash flow we are currently realizing is sustainable into 2014 and beyond."
...and DEBT FREE....are you kidding me? Why would they file this with the SEC????
"We believe our upcoming balance sheet, which will be free of nearly all long-term debt and free of warrants, options and outstanding preferred stock will more accurately reflect the true value of our growing company."
MDHI.....Getting ready to be the one in a THOUSAND pinks to make it.
Makes one think...now does it not.....