Well, this part of the quarterly must have been a lie then:
Cash profit from operations of $17.4 million for the Quarter
Also, I guess this statment is insignificant (from the sentence next to your 'the sky is falling... sell, sell, sell' info):
$5 million debt repayment
But, I can see you are correct, and IGR are, in fact, bankrupt. Please can I sell you my shares at say 30 cents before the word gets out
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