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Re: earlylight post# 8871

Tuesday, 02/06/2007 11:32:42 AM

Tuesday, February 06, 2007 11:32:42 AM

Post# of 19383
Nice, tell me, is this the cause of the downtrend?
the issuance of warrants? how many warrants/shares of common stock were bought?/given? and at what prioe where they issued? thanks in advance

On December 1, 2006, our Chief Executive Officer and Chief Financial Officer concluded that our previously issued financial statements for the periods ended March 31, June 30 and September 30, 2006 should not be relied upon because of our decision to change the accounting treatment for certain financing warrants issued during those periods. We filed amended Forms 10-QSB for these periods on December 8, 2006 to restate the financial statements for the periods to reflect liability treatment for the fair value of certain financing warrants issued during the periods.

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