I'm not a shareholder at this point, but I have been looking at the company with some interest. I think those sort of comments in a 10Q are pretty standard for most Bulletin Board stocks.
The money that has already been put into the Los Chorros for the joint venture (initial and current payments) and the equipment being ordered I believe are all still in play.
I have to say I have had a bit of skepticism over the repeated press releases that keep telling the same thing about potential future revenue and such. With 60 million shares outstanding... and a farly low float...I think Gemini is worth some further consideration. Many of the investors who came in a .16 or .17 are probably fairly frustrated at this point, but I don't know that materially too many things have changed for the company since then. From what I have read (and I'm not pretending to have dug too deep) it has been mostly good.
The proverbial proof will be in the pudding of actual revenues and earnings down the road. At least the company isn't a pinky....we will have access to material information being release through 8-K's along the way.
Plus the 10Q that was being quoted above was as of the date of the 10Q and the company has announced some financings since then. Good luck to all.
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