I do believe that the "delayed" 10Q from Tony Cataldo is due tomorrow 8-19-2009. Guess we will then learn something about the quagmire that is a Cataldo headed company.
With a $ 300,000 cash infusion in May and only 2 employees surely Tony will have most of his $ 300,000 left in bank on 6-30-2009.
Not a lot spent on PRs or website hosting in second quarter.
Maybe Tony got a "break" on CEOcast.com's $ 10,000 a month fee since they did absolutely nothing in second quarter for GSTY.
and if the $ 1.1 million funding Tony referred to in June was "accomplished" GSTY could be flush with enough cash to last well into 2010.
Will Tony finally make good on his "projections"?
or will he still be Tony "King of the Unfulfilled Safe Harbor Statements" Cataldo?
My guess is:
1. Less than $ 100,000 cash left in bank on 6-30-2009.
2. Liabilities up from $ 684,000 on March 31 2009.
3. The 1.1 million dollar loan STILL not done.
4. David Dadon provided the May 2009 $ 300,000 loan and 160 acres actually owned by GSTY put up as collateral
5. We STILL will not know what salaries Tony Cataldo or Gerry Dameron are making.
6. And of course not the first nickel of income and no idea when or even how it will show up.
I guess we will know in 24 hours, or Not.
