Attitude Drinks Inc. (fka ATTD)

[BigBake1]

Unfortunately management does not agree with your prognostication of a bountiful Q1, in fact just the opposite:

LIQUIDITY AND CAPITAL RESOURCES


We have not yet begun to generate significant revenues, and our ability to continue as a going concern will be dependent upon receiving additional third party financings to fund our business for at least the next twelve months. As a development stage company with only about three and one half years of operations, we do not have any meaningful comparable financial information with prior periods. We anticipate that, depending on market conditions and our plan of operations, we may incur operating losses in the future based mainly on the fact that we may not be able to generate enough gross profits from our sales to cover our operating expenses and to increase our sales and marketing efforts. There is no assurance that further funding will be available at acceptable terms, if at all, or that we will be able to achieve profitability or receive adequate funding for new product research and development activities.

They are solely dependant on Convertible Notes, no revenues of significance to operate with and see this continuing for the entire year of 2012.