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PRmaniac

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PRmaniac

Re: mathias1 post# 15905

Thursday, 11/05/2009 1:13:10 PM

Thursday, November 05, 2009 1:13:10 PM

Post# of 130299
Yes, especially problematic is that they had around $174K of administrative costs, resulting in no sales and no money in the bank. Ouch.

It seems as if some of these pinkies keep going just because they can sell dilutive shares or issue them to stay afloat and pay the CEO. They don't have to be viable, just be able to get people to buy the shares.
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