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Re: gold-leade-r post# 97

Friday, 02/22/2008 8:35:29 PM

Friday, February 22, 2008 8:35:29 PM

Post# of 24287
gold, this pretty much says it all...it appears a reverse split is in the future unless they start selling a hell of a lot of machines...

As shown in the consolidated financial statements, during the three months ended December 31, 2007, the Company incurred net losses of $632,235. In addition, the Company had a negative cash flow in operating activities amounting $286,151 in the three months ended December 31, 2007, and the Company’s accumulated deficit was $37,368,764 as of December 31, 2007. In addition, the Company’s cash flow requirements have been met by issuing convertible debentures, and much of the Company’s debt is currently in default.

Wick(w50)

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