Wednesday, June 16, 2010 2:23:59 PM
Ensuring that no investors are pumped in to a bloated ~4bn par .0001 share structure, behind a company with (as of Sept '09) 10's of times the debt and liabilities as assets, with very little in the way of operating cash flows and revenues.
How you're supposed to fund the new 5-7.5m in financing, on top of the ~3m in debt the company has now, on a 3 month net income loss of ~500k, with 3 month revenues from the same period totaling TWELVE THOUSAND DOLLARS is beyond me. Not to mention at all, that those were unaudited financials.
Trying to make some sense of people's vindication behind such an economically beleaguered company. Feel free to join.
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