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Re: Jay Walka post# 64997

Saturday, 05/17/2008 10:39:03 AM

Saturday, May 17, 2008 10:39:03 AM

Post# of 107353
Good point Jay $3.7 million in cash for paying expenses.

"Cash Flow from Operations

As of March 31, 2008, our cash and cash equivalents were $3,115,818 plus restricted cash of $562,500. Cash and cash equivalents were $2,206,220 plus restricted cash of $375,000 as of December 31, 2007. Management believes that the Company has adequate capital resources when combined with its cash position and cash flow from operations to meet current operating requirements.



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