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Re: mich1365 post# 1288

Tuesday, 09/15/2009 12:11:10 PM

Tuesday, September 15, 2009 12:11:10 PM

Post# of 4758
look, i cannot remember the name of the guy i spoke to. i dug around till i found the number for the CURRENT ceo, and he spoke to me very kindly and honestly. i wanted to know what had happened to the restaurants and the nuts operation business and their street location, and he told me they all folded. he said that he was trying to move the company to the scooter sales business, but that he was haviing a hard time because of a lack of capital. he didn't try to dress up the situation which i appreciated, but he said the current market is tough for raising capital. he hadn't even heard from his asian contact with followup about the scooter manufacturing deal when i talked to him. the bottom line is the company needs money, which it doesn't have. it's broke, and the os is basically tapped out to my knowledge. so, you figure it out. if you think it's a good investment, go with it. your money.