Thursday, November 27, 2008 8:41:05 PM
We have a history of operating losses and may not be able to achieve long-term profitability.
Since our inception in May 1989, we have incurred substantial operating losses. During the fiscal year ended June 30, 2007, we generated a net loss of approximately $11,116,000. At June 30, 2007, we had an accumulated deficit of approximately $137,024,000. There can be no assurance that our revenues will exceed our operating expenses and cost of revenues in the future.
Shayne can fool SOME of the shareholders ALL of the time.
And he can fool ALL of the shareholders SOME of the time.
But, he can't fool ALL of the shareholders ALL of the time!
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