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Sunday, February 08, 2015 10:29:49 AM
All except the fact they have NO POSITIVE CASH FLOW? What supposed 500% "increase"??
Check out their R&D spending, see what happened to that (latest 10-Q filing).
They have no "cash flow"? They generate no positive internal cash flows. Without massive share selling and dilution (aka borrowing and selling shares) they'd of been BK a long, long, long time ago- including last qtr if not for massive dilution. They do not generate enough internal cash to even pay the $800K bonuses owed to just 2 of the 4 total "employees", let alone pay their $2 million plus in "accounts payable" they had end of last qtr, let alone pay the service on their debt, etc.
What "cash flows"?? They finished the last qtr with a meager $46K TOTAL cash-on-hand left to their name and a "going concern warning" that included a specific statement about "liquidity problems" and that was despite the use of massive amounts of common share dilution and continued, on-going use of toxic, convertible debt desperation financing deals- see last 10-Q filing (Asher, Daniel James, Fourth Man financing, etc).
And they also continued to pay common bills in shares of commons stock as they lacked the cash to pay those bills via the conventional method- aka, writing a check from a CASH account for accounts payable or debts owed (see last 10-Q, bottom section on issuance of common shares for numerous common bills and obligations) it's all in the SEC filings.
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