Is this dividend game still in play or is it just toilet paper at this point?? It would make a nice Christmas present or New Year's surprise if it was still going to happen,but after reading this portion of the quarterly report, I wonder where it's headed.
BANX AND GREEN GROUP, INC.
Notes to Condensed Financial Statements
Liquidity
During the three months ended March 31, 2008, the Company's working capital decreased by the accruals of all expenses offset by $21,046 in gross profit from sales. The Company does not currently have sufficient capital in its accounts, nor sufficient firm commitments for capital to assure its ability to meet its current obligations or to continue its planned operations. The Company is continuing to pursue working capital and additional revenue through the active search for the capital it needs to carry on its planned operations. There is no assurance that any planned activities will be successful.
Capital Resources
As a result of its limited liquidity, the Company has limited access to additional capital resources. The Company does not have the capital to totally fund the obligations that have matured to any of its creditors and shareholders.
Though the obtaining of the additional capital is not guaranteed, the management of the Company believes it will be able to obtain the capital required to meet its current obligations and actively pursue its planned business activities through the sale of its registered securities.
Operations
The operations of the Company are currently dormant. Until the Company obtains the capital required to develop any properties or businesses and obtains the revenues needed from its future operations in order to meet its obligations, the Company will be dependent upon sources other than operating revenues to meet its operating and capital needs.
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