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Message: financials

financials

posted on Sep 01, 2009 02:58PM

Someone needs to explain how the Loan Payable (Note 7) decreased during the 3 month period? I believe it is down by nearly $200K when one takes into account the $66K of interest accrual.

This makes no sense to me at all, but I would be happy to hear how this could work, particularly with a company that has had no cash!

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