The liquidity has been quite good over the last several weeks. I believe this shows a good deal of support, especially given the Company has not had much news as of late. I believe a big picture look is appropriate through an actual financial review of the historical balance sheets, operating history, debt tables, and beneficial ownership. Based on my review of these materials, it appears that we are looking at an undercapitalized company that has primarily financed its operations through convertible notes. Comparing this against the beneficial ownership tables in the filings shows that the note instruments are the source of dilution. All seems pretty standard for an OTC company. Revenue (albeit small) has been generated each quarter for the last few years. Seems to me this is a company with several years of operating history that could benefit from some good sources of capital via non convertible transactions. Hard to come by, even in the best of times given market conditions these days. I recommend that individuals do their own financial analysis and decide for themselves what best meets their personal goals and objectives.
