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Saturday, May 18, 2013 8:25:11 AM
1. "Solos has incurred net losses through March 31, 2013 of $8,199,357. This factor raises doubt as to Solos's ability to obtain debt and/or equity financing and achieve profitable operations."
2. "Solos management intends to raise additional operating funds through equity and/or debt offerings. However, there can be no assurance management will be successful in its endeavors."
3. "No assurance can be given that additional financing will be available, or if avaiable, will be on terms acceptable to the company. If adequate working capital is not available, Solos may be required to curtail its operations."
Combine this with miniscule revenue and dilution history, and we've got an UGLY picture here brother. IMO this was a VERY bad report that prepared us for possible disaster.
IMO of course dudes.
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