runandadd and anyone else that looked at the Q filing and the announcement...
I'm not that much of a numbers person but,
"At March 31, 2011, we had total liabilities of $16.2 million compared to $19.4 million at December 31, 2010, a decrease of 17% principally due to the write-off of accounts payable and accrued liabilities due to our former joint venture partner and a decline in fair value of derivative liabilities in the first quarter of 2011."
How is that, "continuing to see the results of programs and strategies we put in place in 2010 to address our balance sheet"
???
The reduction in liabilities is mostly due to the settlement agreement with TAO. The other big part of the reduction is due to "a decline in fair value of derivative liabilities in the first quarter".
Please, Clark and Estrella.....Get the deal done with GTC, and get operations started! Quit bragging about liabilities that reduced mainly because of the write-off. Liabilities and such will take care of themselves, if you would begin operations, or commercialization, as you call it!
JMHO!!
