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Thursday, 07/04/2013 10:02:21 PM

Thursday, July 04, 2013 10:02:21 PM

Post# of 1643
TSOR~ What a plan :( Plan of Operations

We have decided to reduce the work program for the next 12 months while we review our forward plan in depth and estimate we will spend about $1,000,000 over the next 12 months. Fu rther, we expect to spend approximately $300,000 in the next 12 months in office and general expenses and professional, consulting and management fees.

Based on our current plan of operations as set forth above, we estimate that we will require approximately $1.3 million to pursue our plan of operations over the next twelve months. As at November 30, 2012, we had cash of $2,157 and a working capital deficit of $(3,701,255). We will require additional financing to pursue our plan of operations over the next twelve months. There can be no assurance that we will obtain any additional financing in the amounts required or on terms favorable to us. If we are unable to obtain additional financing, we may have to re-evaluate or abandon our business activities and revise our plan of operations.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9025356

From the filing~

Flex makes his own decisions to invest, Please do the same for yourself!

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