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Wednesday, August 06, 2008 12:22:04 PM
Total current assets- $463,000
TOTAL LIABILITIES - $2,422,000
Thats NEGATIVE tangible net worth.
With 40,467,611 shares outstanding, even after the 1 for 25 reverse split, that comes out to a value of NEGATIVE 4.84 CENTS PER SHARE at 12/31.
Since then, Im sure their losses have continued and their sharecount has increased.
This company has a marketcap of $36.42 million and its nothing but a MONEY LOSING SCAM !
TOTAL LIABILITIES - $2,422,000
Thats NEGATIVE tangible net worth.
With 40,467,611 shares outstanding, even after the 1 for 25 reverse split, that comes out to a value of NEGATIVE 4.84 CENTS PER SHARE at 12/31.
Since then, Im sure their losses have continued and their sharecount has increased.
This company has a marketcap of $36.42 million and its nothing but a MONEY LOSING SCAM !
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