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Re: Jeff2Earth post# 18300

Friday, 05/23/2008 6:15:03 PM

Friday, May 23, 2008 6:15:03 PM

Post# of 30354
The difference in the amended 10Q is that the new one includes the section from "Results of Operations" until the start of "Item 4 Controls and Procedures" (about page 9 or 10 of the 10-Q)

which includes such startling info as:

"As of March 31, 2008, we had cash and cash equivalents aggregated $11,134"

"As a result of our operating losses for the three month period ended March 31, 2008, we generated a cash flow deficit of $239,847 from operating activities. "

": The Company incurred a net loss of ($1,257,579) for the three months ended March 31, 2008, compared with a net loss of ($1,017,119) for the three months ended March 31, 2007, which reflects a year-to-year increase in the amount of loss for the period of $240,460. "


"Interest expense increased from $40,559 for the three months ended March 31, 2007 to $252,599 for the three months ended March 31, 2008. "

"The Company reported revenues of $0 from our existing technology licence agreement, for the three months ended March 31, 2008"


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