Prospector
Profile
1221-10
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| Most Home Corp. |
NAICS |
531312 |
| Unit 1 - 11491 Kingston St.
Maple Ridge, Canada V2X O2Y |
Description |
Real Estate Services |
| (604) 460-7634 |
Employees |
45 |
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Revenue |
(mil) |
1.9620 |
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Income |
(mil) |
-3.6790 |
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Assets |
(mil) |
1.4890 |
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Liability |
(mil) |
2.5090 |
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(for the year ended 2007-07-31) |
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Category:
Audit Concerns
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Event:
Manning Elliott LLP expressed substantial doubt about Most Home Corp.'s ability to continue as a going concern after auditing the company's consolidated financial statements for the year ended July 31, 2007, and 2006. The auditing firm reported that the company has a working capital deficiency and has incurred recurring losses from operations. In addition, the company will need additional equity or debt financing to sustain its operations.
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Intellectual Property:
Most Home considers its wireless technology and systems to be proprietary in nature. The technology and systems allow users to connect to real estate listing data remotely using mobility devices. Most Home relies primarily on a combination of copyright, trademark and trade secret laws and confidentiality procedures to protect its survey methods. [SEC Filing 10-KSB 11-13-07]
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Description:
Most Home provides lead acquisition, response and management services to real estate brokers and agents across North America, along with website and wireless realty products.
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Officers:
David Woodcock (Chair); Kenneth Galpin (Pres., CEO & Dir.); Michael Schutz (Treas. & CFO); George Shahnazarian (Sec. & Dir.); Jim Secord (VP-Bus. Dev't.); Ken Landis (Dir.); David Smalley (Dir.)
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Auditor:
Manning Elliott LLP
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Securities:
Common Stock-Symbol MHME.OB; OTC BB;
34,901,591 common shares outstanding as of November 6, 2007.
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