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Thursday, March 18, 2010 12:49:16 PM
http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=29933
Page 9, Note 2 - "... At the 3rd Quarter close, the Company had cash resources of $589,110, which the Company believes will be adequate resources along with the expected stream of revenue to cover its operating costs and to allow it to continue as a going concern."
Page 12, (MEG) - "... the Company had now evolved beyond its development stage activities and was engaged in the process of purchasing assets and moving toward revenue generation."
IMO, One doesn't often see statements like this in Pink/OTC filings where it is often seen other companies' statements like "substantial doubt in the company's ability to continue as a going concern" by comparison. I think, in general, the "continue as a going concern" statement is a good indicator of their own confidence.
I think they are still on track towards revenue.
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