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Re: SmartMoney post# 434

Friday, 03/18/2011 1:21:42 PM

Friday, March 18, 2011 1:21:42 PM

Post# of 14877
I'm familiar with their latest news. They put out one of their typically garbled press releases about CYIPRO. However, their most recent SEC filings indicate that they received no revenues from CYIPRO through 9/30/10.

They reported a loss for the 9 months ended 9/30/10. They reported lower revenues for the 9 months and 3 months on a year-over-year basis.

They're in default on a convertible note.

They are still seeking financing.

I don't see much in the way of positives, so I am a spectator.