Read the latest 10Q. The business plan in outlined in it. I already know what you are going to say "they have been trying to raise money for the project for 2 years, they won't be able to do it now".
Think about this. Why would they spend the money to become current (costs a lot) and update the web site (under construction) and why would Lee Costard purchase 3M shares @ .01 if something wasn't up.