OneMeta Inc (ONEI)

[ezmony]

I think the 6 month chart and the 10K says it all:

"Since our inception on July 3, 2006 and as of December 31, 2010, we have generated a minimal amount of revenue and have incurred a cumulative net loss of $8,015,930. In 2010 our revenues were approximately $300,000, however, we believe that we must raise approximately $1,000,000 through the sale of equity for us to sustain operations through the next twelve (12) months. This amount of capital has been budgeted to maintain our infrastructure and marketing and sales campaign. We believe that the recurring revenues from sales of software products eventually will be sufficient to support ongoing operations. We can provide no assurance that the actual expenses we incur will not materially exceed our estimates or that cash flow from sales will be adequate to maintain our business. As a result, our independent auditors have expressed substantial doubt about our ability to continue as a going concern as noted in the independent auditor’s report to the financial statements included in this report."

It was a good idea, but not all good ideas are profitable....pure and simple.