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Re: no limit post# 14527

Friday, 12/02/2011 6:52:42 PM

Friday, December 02, 2011 6:52:42 PM

Post# of 28886
No but I am watching. Sold my last batch around $.003. The sales are great but Bonar doesn't have a handle on expenses right now and I don't think the workers compensation costs are going away anytime soon. I, like most investors here, thought they were one time expenses and wouldn't continue in future periods. That turned out to be a bad assumption as the last 10-Q showed. And I don't see where he is going to get the cash to fund the working capital deficit of $2 million. The Q mentions the possibility of dilution to current shareholders as a possibility which will send this thing further south if it happens. Bonar needs to explain how he is going to fund operations in the short and long term given the serious cash flow situation the company is in. My 2 cents worth. Good luck.