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Re: spaceace72 post# 55004

Friday, 04/15/2011 6:25:20 PM

Friday, April 15, 2011 6:25:20 PM

Post# of 155603
is this something to worry us The Company’s liquidity and ability to achieve profitability is dependent on its
ability to raise capital to improve its leverage position and to generate adequate
production volume to sustain its operations and service debt. Unless the Company is
successful at raising sufficient capital to complete its acquisition of the lithium
concession in Chile, it raises doubt as to its continuation as a going concern.
Net Cash Provided by Operating Activities
The Company’s operating activities do not generate cash. The Company has
had limited operations primarily having lost its main revenue stream, an oil lease.
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