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Alias Born | 07/19/2006 |
Sunday, July 23, 2006 7:47:52 PM
They don't seem to have made any money for awhile, in fact their 10QSB filed on this past June 22, put it this way:
"We have not been profitable since our inception in 2003. As of March 31, 2006, we had an accumulated deficit of approximately $2,388,000 primarily as a result of our start up expenses. We may never realize sufficient revenues from the sale of our products or be profitable. Each of the following factors, among others, may influence the timing and extent of our profitability, if any:"
He also seems to be associated with a company similar to Midland Baring Capital, and Monimpex.
As far as the suit against him, best I can tell is it has not even gone to trial yet, because the Canadian bankruptcy court is still handling the bankruptcy of the company he headed. At one time it was an extremely large multi multi million dollar company. The Federal Court in Philadelphia granted a stay until the bankruptcy was settled.
Now I get to ask a question....what did you mean by the 'old'
management team....seemed you were negative on them ?
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