Sunday, November 16, 2014 1:28:50 PM
"I've said it before and I'll say it again.
I "hope" that things pick up for this company but I do not see anything above this current level of pricing. Even now, I think its a bit overvalued. You will NOT see anything close to $1 in valuation anytime soon. Trust me.
"During the nine months ended September 30, 2014, the Company did not generate significant revenues, incurred a net loss of $17,578,017 and cash provided in operations of $418,175.As of September 30, 2014, the Company had a working capital deficiency of $13,352,007 and a shareholders’ deficit of $10,681,156. These factors, among others raise substantial doubt about the Company’s ability to continue as a going concern. Management believes the existing shareholders and an increase in revenue will provide the additional cash needed to meet the Company’s obligations as they become due, and will allow the continued development of its core of business."
This is literally off their 10Q filing if you actually decided to read the damn thing. "Going concern" is an accounting term saying that its a business that will continue to operate. When its questioned whether a company will be able to sustain a going concern, you know they're in financial trouble. Less"
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