OK, it was a general comment, sorry if it was directed to you.....anyway, I don't see much upside to a Co that said this in their last filing:
(emphasis added)
Going Concern Considerations
The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. The Company is presently a shell company and has limited operations and resources. The Company has accumulated net losses in the development stage of $260,381,057 for the period from inception, August 13, 2002, to March 31, 2007. At March 31, 2007, the Company is in a negative working capital position of $8,806,366 and has a stockholders' deficit of $8,717,595. Additionally the Company faces substantial challenges to future success as follows:
· The Company is delinquent on critical liabilities such as lease payments for its facilities and payments to key consultants
· The Company will, in all likelihood, fail to comply with the terms of the agreement under which it obtained the rights to certain technology that was expected to become the basis for the Company’s future success and is subject to losing rights to such technology
· The Company is in default of its registration rights agreement with the investor in its long-term debt. Such default and the Company’s inability to fund its ongoing operations increase the likelihood that the investor could seize its assets to partially satisfy the debt or find another operator of those assets.
AI
