Awesome! Someone tells the truth.
IMO - waht product do they have to sell?
Was "Seven" ever invovled?
<<I have been involved with this company, both as an employee and an shareholder since it went public. I have weathered several major reverse splits, and continued to watch the CEO and other members of the company continuously spend massive amounts of money on events that never generated a single cent of profit. They have throw money around unnecessarily for things like the hottest latina contest, eworld music awards, money to gary null (some self-help natural medicine guru), and many other ventures that were expected to be the next big deal for eworld that was supposed to push downloads. Not only were all these ventures unsuccessful at generating revenue, they did not produce any downloads (which is paramount to the success of eworld considering downloads are needed to generate ad revenue). They have failed to update the content in the boomerang (for over a year and a half now), and have not monitored the advertisments that are running in boomerang (all of which are no longer current advertising campaigns and are dead links). Every single revenue generating opportunity the boomerang has had has been ignored, and the CEO has opted to focus his energy on seeking private investment. The only thing that has kept this stock alive is a rumored $10M investment which should've arrived prior to the new year. Here we are six months later and the company has no money to operate, explore new revenue generating options, or pay their past/current employees/contractors. There are many individual with thousands each in valid claims against eWorld and Henning Morales. Lawsuits are pending, and for the time being everyone is getting the same old brush-off "we'll have the money soon and then we'll get you taken care of." I know all of this first hand as I am owed money as well, and have been for well over a year and a half. I most likely will not get paid until some new sucker succombs to Hennings con-man tactics and decides to put their hard earned cash into this failing company. Unless there is a major shift in managements thinking and business model, we can all just write our investments off as a loss. >>
