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Wow, is what I say when it comes to the restated f

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Post# of 5570
Posted On: 07/14/2013 11:18:28 AM
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Posted By: Mpix Man

Wow, is what I say when it comes to the restated financials. I've read, and reread these fins for two days now. MPIX for 2012 has a net loss of ( $6,983,220 ) One good thing going forward is that MPIX won't pay taxes on the first $6,983,220 generated. Secondly, it's good to know that the company was able to return 399,174,545 shares for the first six months ending 6-30-13, because in my opinion former management was at the printing press again! The company issued 660,394,540 shares this year! It appears that the 400 million share swap for the licensing rights to the music library back in 2011 is legal. How does the preferred 400 million share conversion come into play here? That press release was announced back in Febuary on the 8th. In the PR this is stated: " Mindpix expects to file the designation of the preferred shortly ". Was that ever done? Is it still in the works? That PR was written before Rick Garson took over as interim CEO, because Armando Alrmirall resigned publicly on 4-4-13. Let's hope for a shareholder letter this week explaining some things.


 





  




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