Friday, October 19, 2012 8:18:09 PM
The last update shows how reliant the company was on dilution to fund its Operations.
The Financials shows losses once again which should be no real surprise.
They also show the reliance on dilution on a continual basis yes ever since the initial Pampana Projects.
The only real hope for shareholders at present is that Dilution is no longer possible at this point which means, management must find a way to be profitable or close the doors.
If they can manage to cut back costly Operations or produce higher yields they just might be able to keep the lights on but they have never produced a profit yet.
It could still happen but is a long shot at best.
The chill could become a whole lot worse so I suppose shareholders should be thankful that's all it is at the moment.
Its just a matter of time before more and more of you start to vent once you realize what management has done to decimate your investments.
I would be genuinely surprised to see this company survive.
By the way I have never sold any of my shares but they are just as worthless as everyone Else's except now there's a lot more in the same boat.
eye
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