Dynamic Leisure Corp. (fka DYLI)

[analogdog]

Yuh oh. New SB-2. If you have shares... read it. I offer no discussion as I don't hold the stock and I won't take the time to try and understand it fully. Good luck if you are in.
From SB-2.
http://edgar.brand.edgar-online.com/fetchFilingFrameset.aspx?FilingID=5407561&Type=HTML

OUR INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM HAS RAISED DOUBT OVER OUR CONTINUED EXISTENCE AS A GOING CONCERN.

We have incurred substantial operating and net losses, as well as negative operating cash flow, since our inception. As a result, we continue to have significant working capital and stockholders' deficits including a substantial accumulated deficits at June 30, , 2007 and December 31, 2006. In recognition of such, our independent registered public accounting firm has included an explanatory paragraph in its report on our consolidated financial statements for the fiscal year ended December 31, 2006 and for the period from May 16, 2005 (Inception) to December 31, 2005 that expressed substantial doubt regarding our ability to continue as a going concern.

WE HAVE EXPERIENCED HISTORICAL LOSSES AND A SUBSTANTIAL ACCUMULATED DEFICIT. IF WE ARE UNABLE TO REVERSE THIS TREND, WE WILL LIKELY BE FORCED TO CEASE OPERATIONS.

For the year ended December 31, 2006 and from May 16, 2005 (Inception) through December 31, 2005, the Company experienced net losses of $11,009,388 and $485,314, respectively. In addition, at June 30, 2007, the Company had a stockholders' deficit of $11,669,984. Our operating results for future periods will include significant expenses, including new product development expenses, potential marketing costs, professional fees and administrative expenses, and will be subject to numerous uncertainties. As a result, we are unable to predict whether we will achieve profitability in the future, or at all.

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WE HAVE A WORKING CAPITAL DEFICIT AND SIGNIFICANT CAPITAL REQUIREMENTS. SINCE WE WILL CONTINUE TO INCUR LOSSES UNTIL WE ARE ABLE TO GENERATE SUFFICIENT REVENUES TO OFFSET OUR EXPENSES, INVESTORS MAY BE UNABLE TO SELL OUR SHARES AT A PROFIT OR AT ALL.

The Company has a net loss of $11,009,388 for the year ended December 31, 2006 and net cash used in operations of $2,720,651 for the same period. The Company had a working capital deficiency of $19,066,504 and a stockholders' deficiency of $11,669,984 at June 30,2007. Because the Company has not yet achieved or acquired sufficient operating capital and given these financial results along with the Company's expected cash requirements in 2007, additional capital investment will be necessary to develop and sustain the Company's operations.

WE HAVE HISTORICALLY BEEN UNSUCCESSFUL IN OUR ATTEMPTS TO RAISE SUFFICIENT CAPITAL TO FUND OUR PLANS. IF WE ARE UNABLE TO DO SO, WE MAY CEASE OPERATIONS.