Thursday, May 22, 2014 8:47:55 AM
They trimmed the operating expenses and turned a profit.
They need capital to expand and now can't issue any preferred shares.
The AS is going to be raised and the preferred shares converted to commons at some point.
Would be nice to get a real update with a business plan?
Assuming the assets are actually worth 4,498,559 and the liabilities 2,028,081 liquidation value is .0036 based on 679,274,235 shares (the 559,274,235 commons and I recall 1.2 million preferred's converted to 120,000,000 commons.
Is my preferred issuance correct? It's not in this filing?
Anyone know what the monthly production is at?
Someday something positive could happen here?
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