Standard 10k wording even big board companies have similar warnings. But you also forgot the other parts.
Subsequent to December 31, 2015, as part of the settlement of a litigation matter against an outside party, the Company received a payment of $4.9 million, net of legal fees, which will be was recorded as other income in the first quarter of 2016. In addition subsequent to December 31, 2015, the Company repaid approximately $1.8 million of convertible and notes payable principal and accrued interest, and converted approximately $247,000 of convertible notes and accrued interest into 2.1 billion shares of the Company's common stock. Management estimates that the current funds on hand will be sufficient to continue operations through the next twelve months.
The next 12 months longs and all traders are good that is a lifetime in OTC. More settlements and licensing deals are on tap.
Good to have you aboard and nice to know your still loading.
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