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wickw50

02/22/08 8:35 PM

#98 RE: gold-leade-r #97

gold, this pretty much says it all...it appears a reverse split is in the future unless they start selling a hell of a lot of machines...

As shown in the consolidated financial statements, during the three months ended December 31, 2007, the Company incurred net losses of $632,235. In addition, the Company had a negative cash flow in operating activities amounting $286,151 in the three months ended December 31, 2007, and the Company’s accumulated deficit was $37,368,764 as of December 31, 2007. In addition, the Company’s cash flow requirements have been met by issuing convertible debentures, and much of the Company’s debt is currently in default.