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Alias Born | 05/20/2011 |
Saturday, July 28, 2012 10:56:10 AM
The Company has incurred substantial operating losses since inception and has used approximately $29,000 of cash in operations for the three months ended May 31, 2012. Additionally, the Company is in default on several notes payable. These factors raise substantial doubt about the Company’s ability to continue as a going concern. The ability of the Company to continue as a going concern is dependent upon its ability to reverse negative operating trends, raise additional capital, and obtain debt financing.
Sounds like dilution is coming
imo, not advice to buy or sell, you decide that
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