"Continuation of the Company as a going concern is dependent upon obtaining additional capital"
if you ever took the time to call the company, which I know you haven't, you would know that Ed has been rather successful in obtaining additional capital.
Furthermore, and I'm sure you don't know this, the restricted shares @ .10 are just about gone, which means next up are either the .15's or .20's (I have to double check the filings) which means that more money will come in as people start to realize they can get shares at soon to be a 50-100% discount to market, I did the same thing when i bought my .10's earlier this week, as did at least 2 others, better get em while you can... they're going fast.