Thursday, December 29, 2011 11:00:11 AM
If you look on the 10Q or 10K this company has never made money and the is a disclaimer saying that the continuation of business is a concern.
From the last 10Q.
"The Company’s consolidated financial statements have been prepared assuming the Company will continue as a going concern. The Company has experienced net losses since February 16, 1999 (date of inception), which losses have caused an accumulated deficit of $48,387,358 as of June 30, 2011 and $47,933,557 as of December 31, 2010. This factor, among others, raises substantial doubt about the Company’s ability to continue as a going concern."
48 MILLION dollars!!! in the half of year between Dec 10' and June 11" they were in the whole almost 500K.. Now how do you see them turning that around into postive earnings?
I have no convidence in this company or the CEO. I think this stock is D-E-A-D DEAD, i may be wrong but only time will tell, and alot of it.. this if it turns around will be a long waiting game.
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