The only reason to forward split a .01 stock, or really any low penny stock....is to take it subpenny to attract more completely novice people that really don't understand the game.
So it seems materials aren't ready as I suspected!!! the absent of funds with which to develop the technology, led the Company to amortize the costs for the period ended June 30, 2007.
Pursuant to this agreement, on January 24, 2007 the Company paid US$100,000 (CAD $118,827) and issued 4,150,000 shares at $0.10 per share. These amounts were capitalized for the quarter ended March 31, 2007. While the Company believes that the development done to date is of value and the Company intends to use this technology in the future, the lack of clear sales contracts at this point and the absent of funds with which to develop the technology, led the Company to amortize the costs for the period ended June 30, 2007.
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