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Re: kimble1 post# 21216

Monday, 03/05/2012 6:26:24 PM

Monday, March 05, 2012 6:26:24 PM

Post# of 23731
No exactly 50 mil, but you may be close: about 30 mil in debt
From the last S-1
These liabilities would represent fixed costs, which would be required to be paid regardless of the level of our business or profitability. Our current liabilities as of September 30, 2011 were as follows: accounts payable of $1,257,540, accrued expenses and other current liabilities of $2,660,378, short-term notes payable of $5,672,410, related party payable of $447,500, related party notes payable, net of debt discount $662,286, derivative liabilities of $18,947,707, deferred revenue of $49,583 and capital lease obligations of $5,893 for total current liabilities of $29,703,297.

Also, about 220 mil shares of dilution:
Subsequent to September 30, 2011, the Company issued 31,267,987 shares of our common stock for services with a value of $203,340.

Subsequent to September 30, 2011, the Company issued 98,004,171 shares of our common stock in exchange for debt with a value of 424,653.

Subsequent to September 30, 2011, the Company issued 87,844,317 shares of our common stock with a value of $794,958 in a series of cashless warrant exercises.