It seems the house of cards is finally coming down
http://xbiz.com/news_piece.php?id=14204
Quote:
IBill Parent Says It Needs to Restate Earnings for 4 Quarters
DEERFIELD BEACH, Fla. ? Interactive Brand Development reported in a filing to the Securities and Exchange Commission that it needs to restate its financial statements for the last four quarters.
With the filing, the company also said a recent audit by a third-party accounting firm found that previous accounting numbers could sink the value of its investments in Penthouse Media Group and Interactive Television Network Inc., which markets XTV. It also could threaten those companies? financial viability.
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