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Re: keitern post# 8382

Tuesday, 02/26/2008 6:35:28 PM

Tuesday, February 26, 2008 6:35:28 PM

Post# of 19309
>…we will still need more financing to avoid a "going concern" from the auditors.<

Auditors typically consider issuing such a qualification only once per year, when auditing the books at the end of the fiscal year. Hence there is no need to worry about such a qualification until the 2008 10K is prepared in early 2009. By then, I expect that GTC’s financial position will be better than it is now.

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