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Friday, February 05, 2010 11:01:40 AM
I also was showing that it is very likely that the A/S will be raised very soon and more dilution is also likely.
I do not see any significant revenues appearing out of the blue.
According to the financials they had $68,580 in cash at the end of the year.
They had expenses of $506,401 for the year.
Using that number and applying it to their cash position would suggest they have 49 days worth of cashflow.
Today is Feb. 5th.
31 days in January and 5 days in Feb is 36 days.
That would leave about 2 weeks worth of cash left.
So, unless there is some sudden influx of cash they will be required to raise additional funds right?
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