It appears so. It's May 20, 2014 and none of the "forward looking" projections (production-wise nor financial-wise) have been met. I wonder what Chris Nelson's next step it? Sell/flip the shell into a new, productive company? That would be a last resort and possibly hard to do with all of the shares already issued. The new acquirers would naturally do a reverse split to reduce the share count and increase the price.
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