InvestorsHub Logo
Followers 20
Posts 1007
Boards Moderated 0
Alias Born 09/18/2006

Re: ccb post# 589

Tuesday, 11/18/2008 11:43:43 PM

Tuesday, November 18, 2008 11:43:43 PM

Post# of 43099
Informative 10-Q , mostly for shorters ...

IOO , totally confirms/explains why 3D is now -1D ,
and down ~90% in the last year. We expect BK within 1 more.

Here's why [as reported in the latest 10-Q] :

*********************************************

3DIcon CORPORATION
(A Development Stage Company)
BALANCE SHEETS


September 30, 2008 and December 31, 2007

September 30, 2008 (Unaudited) ; December 31, 2007 (Audited)

Assets
Current assets:
Cash $ 123,186 $ 705,519
Accounts receivable 3,500 -
Prepaid insurance 24,727 15,944

Total current assets 151,413 721,463

Property and equipment, net 28,022 11,832

Debt issue costs, net 67,046 97,249
Deposit-other 2,315 -

Total assets $ 248,796 $ 830,544

Liabilities and Stockholders' Deficiency

Current liabilities:

Current maturities of
convertible debentures payable $ 590,000 $ 700,000
Accounts payable 1,007,778 484,513
Accrued salaries 36,976 -
Accrued interest on debentures 8,845 8,854

Total current liabilities 1,643,599 1,193,367

Convertible debentures payable,
less current maturities 676,979 558,375

Total liabilities 2,320,578 1,751,742

Stockholders' deficiency:
Common stock; $.0002 par, 250,000,000 shares authorized and
145,496,328 and 127,125,232 shares issued and outstanding at
September 30, 2008 and December 31, 2007,
respectively 29,099 25,425
Additional paid-in capital 8,143,073 6,451,906
Deficit accumulated
during development stage (10,243,954 ) (7,398,529 )

Total stockholders' deficiency (2,071,782 ) (921,198 )

Total liabilities and stockholders' deficiency $ 248,796 $ 830,544

**********************************************

IOO , the 10-Q shows that 3D is ~out of cash ,
and still burning cash , faster than ever ,
thanks to the 2 new exec's salaries + bonuses.

extra , Sincerely .

P.S. ; Since 3D has no 'products' to sell , to cover their
growing expenses + losses ; they Must Dilute [faster than
ever] , or go BK , if the averaging-down does not pick up.

Averaging-down is profitable, for shorters, only.

Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent CRTG News