when i'm not drunk, i'll look more closely at the edgar filings. keep in mind the sorbanes-oxley act was huge(passed 02, went into effect 2003) and makes things tighter. lots tighter-it made it easy for the sec to pursue executives on criminal charges AND requires them to have signed off on basically every statement filed. bob's name is on everything, or should be-if it's submitted he doesn't have the ability to claim ignorance.
let's see,they can't promise it would operate until this june without major outside investment,of 5 milllion

here's who owns what

Name of Beneficial Owner Position Ownership of Class(1)

Robert A. Friedland(2)(3)
Chief Executive Officer, Secretary and Chairman of the Board of Directors 16,594,000 52.5 %
Adrianne D. Moore(2)
President and Vice Chairman of the Board of Directors 5,172,000 20.4 %
Ronald C. Stone(2)
Chief Operating Officer and Chief Financial Officer 1,735,000 6.8 %
Daniel R. Ice(2)(4)
Director 500,000 1.9 %
Phillip D. London(2)(5)
Director 521,000 2 %
Keith Gordon(2)
Vice President 100,000 *
Robert Hollis(6)
Beneficial Owner 2,000,000 7.3 %
Kings Against 3, LLC(7)
Beneficial Owner 2,750,000 9.8 %
Maximum Ventures, Inc.(8)
Beneficial Owner 2,781,180 10.1 %
Jubilee Investment Trust, PLC(9)
Beneficial Owner 4,001,213 15.8 %
All Officers and Directors as a Group (6 persons)
24,622,000 78 %

those aren't dollars, just shares of penny stock, but it shows how the cake be sliced. the other thing i think is odd is how frequently the board loans and repays itself hundreds of thousands of dollars, jill's always paying back 150k and under.

the sec might be interested in their complacency in terms of auditing themselves, which they didn't do twice. however, if it's any kind of money laundering, i asked my mom who's got an mba from the same crimson-colored evil empire as i've got my undergrad. obviously i didn't get too specific about "hey mom, so this porn company father guido sarducci and i are researching, if they were laundering money or owned by the cosa nostra....". it's just not what i need after already playing my prodigal son card to death. anyhow, she offhand thought for a random penny-stock company it'd be all fbi for crime and for laundering it would involve them again but probably noticed first by the comptroller of currency or some other agency.

i'll look shit over and axe more when my brain isn't marinating, the edgar filings are impossible to read numbers on because they fucked the formatting of colums up.