heres a couple of thoughts to ponder for serious investors, which were gleaned from the last two 10Q's:
....... For services, revenue is recognized upon receipt of payment from the customer. As of the end of the second quarter, there were no significant revenues from P2O.
not sure what the deal is for the third quarter relative to the above, but i would think its about the same.
On May 19, 2010, the Company executed an Employment Agreement with CEO John Bordynuik which takes effect upon issuance of an air permit for the Company’s P2O processor. The agreement provides for minimum annual compensation as well as the issuance of stock options contingent upon the achievement of certain milestones, none of which have been met as of August 13, 2010
may as well change that to read more accurately: none of which has been met as of November 21, 2010.
i like these two especially:
As of June 30, 2010, we had $1,945,594 cash on hand. The Company is developing a cash plan to help manage future expenditures.
As of September 30, 2010, we had $276,892 cash on hand and $130,121 in an attorney trust account. The Company is actively considering several options to implement a cash plan to help manage future expenditures.
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The Company is developing a cash plan to help manage future expenditures.
The Company is actively considering several options to implement a cash plan to help manage future expenditures.
obviously, the above simplistic translation would be: DILUTION.
