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FogCity

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FogCity

Re: BuzzOnDaBeach post# 37378

Wednesday, 01/21/2004 12:57:55 PM

Wednesday, January 21, 2004 12:57:55 PM

Post# of 275590
HYTT 10QSB - $10 mil financing fell through?

Lost my shirt on this one. still holding. Not sure what to do at this point. :( May just cut lost and move on.

=========================================
http://biz.yahoo.com/e/040120/hytt.ob10qsb.html

LIQUIDITY AND CAPITAL RESOURCES
……..
….. We remain active in discussions to obtain additional sources of financing but there can be no assurance that we will be able to successfully raise such additional funds or that such funds will be available on acceptable terms. We have not received any proceeds under the $10,000,000 equity line of funding for the purpose of making acquisitions that we previously announced on December 3, 2003. Management now believes it is unlikely that this particular funding will proceed. ......

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