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Re: hot-penguin post# 65734

Thursday, 01/13/2011 12:35:50 PM

Thursday, January 13, 2011 12:35:50 PM

Post# of 82681
Not really, Stacy and E hold millions in debt for the company. If the business fails they lose millions, and we lose thousands.

Straight from the last 10-Q:

Since September 30, 2010, funds necessary to sustain the business have been derived from operations and loans from Stacy Josloff, the Company’s President and CEO. As of September 30, 2010, the Company owed Ms. Josloff the principle amount of approximately $1,561,034. There is no guarantee that Ms. Josloff will continue such funding, and funds from operations may not be adequate to continue operations. The Company will need to raise additional capital to expand operations to the point at which the Company can achieve profitability. The terms of financing that may be raised may not be on terms acceptable to the Company. If adequate funds cannot be raised, our business may fail.

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