IGKWXMAN: We can assume that from what we see overtime, that all the funds have been spent on something other than to make the company more profitable to it's Shareholder's. It would be reasonable to assume (but not a certainty), that if the company's business shows no progress after 5 years, you would surely like to know how it's been used.
You must consider that there's never been any production or sales of ANY product that has put money into the account. As this is the case, could you suggest where the money has been spent. It doesn't cost millions of Dollars running leasing licences on ground, paying wages , doing Admin and renting Offices. Salaries per year cannot run into huge figures unless they engineer it.
A fair question to you Sir: How doyouthink all this money has been spent? All I can think of is that it has gone through the system as 'costs' that we will see should the late filings come to light. If nothing comes out in the wash, then it only reasonable to assume that it has been 'absorbed' in 'other costs which the Shareholder's should know about. That is all, nothing sinister in the question. Just base Millions of Dollars against the size of the business and what it does (or doesn't do), this is why questions keep being asked. See what you can muster that is convincing.
AI
