Tough times ahead indeed
As of August 31, 2013, we have 3,501,000,000 shares authorized and
2,847,521,297 shares issued and outstanding of which 2,697,521,297 are freely tradable.
Common Stock
As of August 31, 2013, the Company had $10,630 in cash. Historically, the Company’s principal working capital needs have been met through the issuance of common and preferred shares, cash flows and loans from officers. As the Company grows and expands its operations, the need for working capital most likely increase. The Company expects to finance its internal growth with cash provided from operations, borrowings, debt or equity offerings, or some combination thereof.
The Company is dealing with several legal matters originating from contract disputes that it deems as normal course of business matters. None of the current matters are expected to have a material effect on the issuer’s business, financial condition, or operations. The Company cannot guarantee the outcome of such
The Company is in technical default on several loan agreements but has not been served formal notice of default. The Company has been in contact with the other parties and believes that a positive outcome will result in each case while no guarantee can be provided of what the ultimate outcomes from such talks will be.
The Company is in technical default on several loan agreements but has not been served formal notice of default. The Company has been in contact with the other parties and believes that a positive outcome will result in each case while no guarantee can be provided of what the ultimate outcomes from such talks will b
For the three month period ending August 31, 2013 net operating Income decreased from to a loss of ($11,819) compared to net income of $26,680 during the same period in 2012, resulting in a decrease in income of $38,499.
. In 1986, the Company ceased the candy manufacturing operations and filed for Chapter 11 Bankruptcy protection. After emerging from bankruptcy in 1993, the Company remained dormant until January 1998, when it changed its name to Piedmont, Inc. On May 12, 2003, the Company changed its name from Piedmont, Inc. to US Biodef... Less
