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Thursday, November 17, 2011 9:16:34 PM
If the Company docs not raise funds before it exhausts its current cash position the Company will be unable to continue operations. The Company anticipates that it will exhaust its cash position as of December 31, 2011 and unless additional financing can be secured (for which there are no commitments) the Company will not be able to continue operations after December 31, 2011. Therefore, in the fourth quarter of 2011, in order to conserve cash, the Company began to implement plans to continue California operations while curtailing all but essential personnel at the Corporate level (ROFLMAO!!!, Translation, ED and his paycheck are essential!!!) and cease all operations at the TerraSphere division and all operations at the IWW division other than the operations at the South Canyon Land fill. In addition, the Company is in negotiations, with an investor, whereby the Company would spin off the TerraSphere division. These negotiations have not been completed.
ED will try to sell or give away Terra in some sort of sweat heart deal no doubt, and screw COIND shareholders yet again? And then PR the new scheme to dump more COIN shares.
Ambition with out knowledge is like ship in dry dock. Going nowhere fast!
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