Brief History of a Detour - Or, The right guy for the Job?

According to the form 10-ksb, filed on 12/27/1996 (http://www.sec.gov/Archives/edgar/data/935730/0001013596-96-000058.txt), the "ICHI-BON INVESTMENT CORPORATION" described itelf as follows:

"Ichi-Bon Investment Corporation (the "Company" or"Registrant") was incorporated under the laws of the State ofColorado on May 18, 1990, for the purpose of investments inbusiness and real estate projects. Other than issuing shares toits original shareholders, the Company never commenced activitiesrelating to its original business purpose. In May 1990, theCompany authorized the issuance of 500 shares to two persons innocence for services valued at $500. Thereafter, in August 1994,the Company's Board of Directors authorized a forward split of theCompany's issued and outstanding common stock, whereby 1,000 sharesof common stock were issued for every one share of common stockissued and outstanding. The Company presently has 500,000 sharesof its Common Stock issued, which are held by 10 persons. Also inAugust 1994, the Board of Directors of the Company elected tochange the Company's principal business purpose to those activitiesdescribed below under "Plan of Operation". As such, the Companycan be defined as a "shell" company, whose sole purpose at thistime is to locate and consummate a merger or acquisition with aprivate entity."

May, 1997, there is some funky stock exhange reverse merger mojo mumbo jumbo between Ichi Ban and Detour. (http://www.sec.gov/Archives/edgar/data/935730/0001013596-97-000123.txt)

Strange. On the proxy statement dated 02/28/2001 (, they identify Andrew Left as the president and CEO, as well as a board member. Weird thing is, he was never mentioned on a previous filing. Don't real companies have to say something when they get a new president and ceo? I may be mistaken here, if anyone would like to review the filings, please, be my guest!

"Andrew Left assumed the position of President and Chief Executive Officer in April 1999, and director in November 1999. Mr. Left received a Bachelor of Arts degree in political science from Northeastern University in 1993. Since his graduation from Northeastern University, Mr. Left managed his family portfolio, specifically in the stock market. During this time he developed an expertise in Internet companies and the Internet. Mr. Left devotes substantially all of his business time to the Company."

Wait a second, maybe this explains it (from the same document above)!!!

"From a review of its available information, it appears that Messrs. Left and Nesis did not file applicable Form 3's with the Commission when they assumed their respective positions with the Company, but these reports were filed late."

Ok, ok, give the guy a break, will ya? I mean, heck, whats a few late filings between friends? 18 of the 40 filings shown on the SEC website (www.sec.gov) were NT's (Notification of inability to timely file ). Dont forget, these guys were running a fashion magazine! I mean how were they supposed to keep up with their filings with all of those models? I mean Fashion Models. Yeeooww.

So Anyway, what we know now, is that Andrew Left was pressie from April 1999 forward, right? Well, not really, because THEY NEVER FILED ANYTHING STATING THE CHANGE IN AN EXECUTIVE POSITION. Oh Well. Anyway, lets take them at their word, and see how he performed from April 1999 until he bailed in August 2001. I am going to cut through all of the numbers and focus on shareholder equity.

Quarter ending March 1999 (Quarter ending before Mr. Left assumed the helm) - Total Equity (5,638,317)

Quarter ending June 1999 (1st Quarter under Left's control) - Total Equity (5,903,201)

Quarter ending Sept 1999 (2nd Quarter under Left's control) - Total Equity (6,086,749)

Quarter ending Dec 1999 (3rd Quarter under Left's control) - Total Equity (6,838,803)

Quarter ending Mar 2000 (4th Quarter under Left's control) - Total Equity (6,375,893)

Quarter ending June 2000 (5th Quarter under Left's control) - Total Equity (6,601,245)

Quarter ending Sept 2000 (6th Quarter under Left's control) - Total Equity (7,500,071)

Quarter ending Dec 2000 (7th Quarter under Left's control) - Total Equity (9,067,588)

Quarter ending Mar 2001 (8th Quarter under Left's control) - Total Equity (9,068,464)

Quarter ending Jun 2001 (9th Quarter under Left's control) - Total Equity (9,883,455)

Well, crap. That was quite a run. Wonder what happened to the stock price while he was on board?

Quarter Ended High Low

March 31, 1999 $0.47 $0.18

September 30, 2001 $0.165 $0.025

Andrew Left's salary for 2001: $152,656

I guess that is why this happened:

http://www.sec.gov/Archives/edgar/data/935730/000101359602000031/fm10k_12-01.txt

"In February 2002, we commenced an action against Andrew Left, our former President, which action has been filed in the Superior Court for the State of California for the County of Los Angeles, Case No. BC269050, for the recovery of approximately $25,000, plus costs, interest and exemplary and punitive damages.Our complaint alleges fraud and deceit, negligent misrepresentation, breach of fiduciary duty and unlawful monetary conversion. As of the date of this Report,our complaint has been filed and we are awaiting the filing of an answer. While no assurances can be provided, we are optimistic that we will be successful in this matter."

The company also had to file several ammended returns, and they did so with in 45 days of Mr. Left leaving the company. Detour Media group filed one more SEC report, a year later, in August of 2002. Another "Notification of inability to timely file Form".

If, and I stress the word if, this is the same Andrew Left who how runs stocklemon.com, they found the right guy for the job, in my humble opinion.