I looked at the 10Q for the quarter...again, reading this stuff is more painful then pulling teeth...many complex transactions
It appears that sales (a negative) and expenses are lower (a positive) compared to the previous qtr
long term debt is higher
net loss was also higher (a negative) mostly due to devalued derivative investments
O/S is about 7.8 B as Gator correctly points out 10 times a day (lol)
On the positive side debt obligations will be much less in 2017 compared to this year
Our lifestyle group has historically focused on acquiring, promoting and marketing a portfolio of consumer apparel brands. Our plan for this group in 2016 involves the acquisition of a strategic activewear brand, followed by the marketing of the new brand along with our existing activewear brands, with an objective of increasing apparel sales by 20% by year end as compared to last year. Moreover, we plan to complete development of commercial prototypes based on our energy conversion wearable technology during 2016.
In a nutshell I don't expect we'll be released from our present position until sometime in 2017
Again, this investment looks quite promising long-term
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