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Thursday, 02/19/2015 2:03:02 PM

Thursday, February 19, 2015 2:03:02 PM

Post# of 109742
From The 10-K:

"We have not commenced revenue producing operations and do not expect to until the fourth quarter of 2015, at the earliest....During the 2014 fiscal year, we incurred a net loss before income taxes from continuing operations of $3,676,991.... As of October 31, 2014, we had total assets of $58,165 and a working capital deficit of $854,924. Since October 31, 2014, our working capital has decreased as a result of continuing losses from operations. We estimate that we require approximately $2 million of additional working capital over the next 12 months in order to fund our expected marketing and distribution of the initial line of aircraft component products to be manufactured at our Guangzhou facility and to fund our expected operating losses as we endeavor to build revenue and achieve a profitable level of operations. However, there are no commitments or understandings at this time with any third parties for their provision of capital to us....We will endeavor to raise the additional required funds through various financing sources, including the sale of our equity and debt securities...."

Have at it, folks....



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