Institutions? What a laugh. Give me a break. Do you think there is any chance that say Warren Buffet would ever buy this stock based on the current profile of the company? True investors might buy this company in five or ten years if these guys can show they are a legitimate company, but not today. They have proven nothing to me. This company has a history of failure and losing money. They pay themselves elaborate salaries and car expenses and whatever else with, guess what, your money. shareholder money!
They have a history of paying themselves and giving themselves shares as a reward for losing previous investors money and having to get investors money to continue business.
I think you missed some key wording that has been in the SEC filings where it stated that business was a "going concern" and that "capital" would need to be raised.
Did you miss the following information in the 10-ksb?
Why do they need to offer new stock to raise capital if the grass fields are green and blowing in the wind?
The Company does not anticipate re-occurring net losses for the foreseeable future, but will require a significant amount of capital to commence its planned principal operations and proceed with its business plan. Accordingly, the Company's ability to continue as a going concern is dependent upon its ability to secure an adequate amount of capital to finance its planned principal operations and/or implement its business plan. The Company's plans include an offering of its common stock and the issuance of debt, however, there is no assurance that they will be successful in their efforts to raise capital.
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