Looking at today's filing - I noticed ...
the amount on the bottom line - take a look -
PART IV
OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this notification
Steven Morse
(2) Have all other periodic reports required under Section 13 or 15(d) of the Securities Exchange Act of 1934 or Section 30 of the Investment Company Act of 1940 during the preceding 12 months or for such shorter period that the registrant was required to file such report(s) been filed? If the answer is no, identify report(s).
x Yes ¨ No
(3) Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof?
x Yes ¨ No
If so: attach an explanation of the anticipated change, both narratively and quantitatively, and, if appropriate, state the reasons why a reasonable estimate of the results cannot be made. Three months ended September 30, 2009 Net loss—approximately $562,050 versus $35,462 for 2008
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You think you could run up a bill of half a million dollars building a plant in Saudi Arabia if you are self funding and don't want to dilute your stock?
Another thought - when they delayed the 10k, they asked for a full extension and took the change in listing status, even though it is not good because it is usually seen as one step away from de-listing due to imminent failure. This time, I can't see them wanting to take another extension and add the "e" again, if that is an option, because I'm guessing they have to be current with the SEC to make structural changes. Therefore, I think this Friday they will submit the 10Q with un update on what they did with the money! Just a guess.
