Nice work River! Here are some excerpts from the 10QSB TBLU recently filed with the SEC:
The Company has devoted no efforts in the further development and marketing of products since the first of this year. The Company's ability to continue as a going concern is dependent upon (i) raising additional capital to fund operations (ii) the further development of its products and, (iii) ultimately the achievement of profitable operations. Management is currently contemplating several additional financing sources to fund operations until profitability can be achieved.
The Company is uncertain whether current financing commitments will provide enough working capital to fund operations until profitability is achieved, and may have to pursue additional financing sources during the current year.
During the third quarter ended September 30, 2005, the
Company’s common stock was thinly traded and often under $.01. One may construe this as a cautionary indication of the Company’s ability to continue as a going concern. During the third quarter ended September 30, 2005, and since, the Company has sought viable merger and/or acquisition candidates.
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“A fool and his money are soon parted.” ~Thomas Tusser
