According to this from the SEC filing made on Aug 24th of this year MLRE didn't exactly pay in a timely manner for their printing.
Item 2. Legal Proceedings.
St. Ives, Inc. v. Millionaire.com. The plaintiff, Millionaire magazine's former printer, brought an action in Broward County, Florida, against Millionaire.com alleging that amounts were due under certain printing bills. The plaintiff seeks $552,873.82. Millionaire.com counterclaimed, alleging that
the printer caused substantial problems on numerous occasions and requests an offset of damages in excess of such amount. The case was settled for $375,000. We are paying this amount in accordance with an agreed upon payment plan
From the same filing. MLRE claims to be about broke
We have had insufficient revenues to satisfy our ongoing expenses of operation. Due to our history of losses, we cannot assure you that we will ever be profitable. If we do not become profitable or obtain additional financing, we will be unable to continue our current level of operations. Because we have had net losses of $6,284,231 and $739,303 for the year ended December 31, 1999 and the twenty weeks ended December 31, 1998, respectively, there is substantial doubt about our ability to continue as a going concern. See "Management's Discussion and Analysis or Plan of Operations" and Note B to the "Financial Statements" for a more detailed discussion of our losses, sources of funds for operations and other financial information.
ANY stock in this bad a financial stake, is on the verge of failure, case closed!
Now take your non-disclosin, toutin arse over to birdgirl's cage and get her to fess up |
