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Re: None

Monday, 08/25/2008 2:19:51 PM

Monday, August 25, 2008 2:19:51 PM

Post# of 300
financials are out. Not beautiful. Company still hasn't shown the ability to be sustainable yet. And it looks like they're raising capital now. Minimal, fortunately. When the drought ends, and the fertilizer really takes off from extended capacity, we'll have a real beauty. But that might take a while.

I think the liquidity section captured the full picture nicely:

At June 30, 2008, the Company had total current assets of approximately $3,073,000, consisting primarily of accounts receivable and inventories. Current liabilities of approximately $4,471,000, consisting primarily of accounts payable, accrued expenses, regular and convertible notes payable and a working line-of-credit. The Company has accumulated a net loss from inception through June 30, 2008 of approximately $12,448,000. Stockholders' equity as of June 30, 2008 was approximately $437,000. The Company has recorded gross revenues of approximately $7,293,000 for the nine months ended June 30, 2008.
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