My opinion is they have secured equity financing. This is the pr we are going to hear and the reason they have been able to afford getting audited financials and update their status on pinksheets imo
Taken from the 8K October 28, 2009
"To meet our financing requirements, we anticipate raising funds through the sale of our equity. At the present time, we have not made any arrangements to raise additional cash. If we need additional cash and cannot raise it, we will either have to delay or suspend operations until we do raise the cash, or cease operations entirely."
They said they would either have to "delay or suspend operations until we do raise the cash, or cease operations entirely"....
Well they delayed and suspended operations but did not cease!
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