Encounter Development Technologies Inc. (ENTI)

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From the 10-K


"We are a development stage company and have history of losses since our inception. If we cannot reverse our losses, we will have to discontinue operations.

At December 31, 2010, we had $289 in cash on hand and an accumulated deficit of $(270,262), causing our auditors to express their doubt as to our ability to continue as a going concern. We anticipate incurring losses in the near future. We do not have an established source of revenue sufficient to cover our operating costs. Our ability to continue as a going concern is dependent upon our ability to successfully compete, operate profitably and/or raise additional capital through other means. If we are unable to reverse our losses, we will have to discontinue operations.

Our history of losses is expected to continue and will need to obtain additional capital financing in the future."