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Re: PENNIEStoSTACKS post# 297

Monday, 02/25/2013 10:46:08 AM

Monday, February 25, 2013 10:46:08 AM

Post# of 1101
Regarding your DD, here is some more information to consider when evaluating their chances of success this time around:

Cash on hand - $1,588
Assets - $1.44 million tied up in a mothballed biodiesel plant that has no salvage value and is the subject of questionable ownership (reference SEC suspended company GAEC claim to same)
Operating expenses (G&A and depreciation) - about $178k per quarter
Cumulative losses since re-entering the development stage of $27,555,822 and a working capital deficit of $1,426,370
Pending litigation with Emtel
A ton of toxic convertible debt waiting to be exercised.
Employees = 1 (Robert Federowicz - a man with ZERO robotics experience)
Robotic assets = $0