Green Mountain Development Corp (GMND)

[retiredanalyst]

Financials are out today, and available on the company website. I commend the company for posting it's financial results for 2008, 2009, 2010 and an interim 2011 report. However, the company has not made a sale, or booked a single penny of revenue during the last 4 years. In addition to never making a sale, the total deficit in shareholder equity has gotten worse, year over year over year over year. Again I commend the company for finally providing visibility on the financial results..... But it's also clear from examining the results.... the company has had zero revenues 4 years in a row, and larger losses in shareholder equity equity 4 years in a row. I realize GMND is a development stage company but come on....$0 sales. If you think I'm just a basher, go to the company's website at greenbizness.com, click on the investors tab, and you can view or download the PDF results yourself.