Still watching also. Latest filing is a 10Q (as of 6 Sep) covering the quarter ending 30 Sep 2012 with a whopping $328 in cash and virtually no revenues.
The 13D is interesting though for one small little line:
"* Based on 31,051,999 shares of common stock outstanding as of July 10, 2013."
I looked up the SEC def for the 13D to refresh my memory:
"When a person or group of persons acquires beneficial ownership of more than 5% of a voting class of a company’s equity securities registered under Section 12 of the Securities Exchange Act of 1934, they are required to file a Schedule 13D with the SEC."
With ownership of 24 mil listed, that doesn't leave very much in the float...unless my math is off or I'm missing something.
Just speculating here but I'm thinking that it might not take very much to light a spark under this one.
JMO
Just my opinion. Always do your own DD, and good luck!
