Joe,
Seen you post about this stock on Yahoo from HTOG posts.
Came over to check into it and was looking to potentially invest.
I have to say that I thought i would read up on a "great investment" seeing of you as a person of sound mind a possibly good judgement.
However, after reading the 10ksb of this stock, im now finding myself in a position of pondering about you as a person.
If you wanted to own this as a diversity to your own portfolio, fine by me, However .. highly recomending this is not something id of guessed from you. (im scratching my head here bro)
We anticipate that we will need to raise an additional $5 million in working capital in the short term to complete the expansion of the South Farm, which is already underway, and to retire the outstanding debentures. We also estimate that an additional $5 to $7 million will be needed to complete all of the current development and testing of the Aqua-Sphere? and Ento-Protein? technologies and bring them to a marketable state. Without the additional capital, these requirement steps will not be possible, and the Company may be unable to retire the debenture bonds when they come due in late 2008 and early 2009.
In addition, the Company has to date not paid the initial license fee required under the worldwide license for the Aqua-Sphere? in the amount of $200,000 to the licensors, Papadoyianis and Cherch, which means that the license can be cancelled on notice and the technology recovered by the licensors. A notice of default has been given as of September 1, 2008 but the Company hopes to continue to develop the market potential for the technology. Loss of the rights to the Aqua-Sphere? technology represents a major loss in the growth potential of the Company.
During the twelve months ended June 30, 2008 we generated a net loss of ($1,896,031). During the twelve months ended June 30, 2008, we used cash in operating activities of $1,302,964, cash used in investing activities was $377,837, and cash provided by financing activities was $487,252.
After reading this in the 10ksb and looking into it as a fully cyclical stock ...
Joe, many people listen and follow you from your knowledge on htog and what you (attempted? or are attempting? to do) for them as shareholders of that company. those people are following you over here and i question if you understand that some of them do not understand what they are getting into.
This is in dev stages and has a long long ways to go. with the cyclical downside of the company, combined with yearly losses , this is not an investment of the faint of heart. as an otc dev company it will come down before it goes up.
For those that followed joe over, i hope you did your homework. as for me, sorry friend , i cannot get in this as of yet.
give me a shout when they round that corner in a few years and i hope they do :)
happy trading
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