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gold duck

11/16/09 4:58 PM

#631 RE: blox87 #628

there selling us down the river,using shares for even the smallest purchases, what next lunch at McDs
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StockGuru38

11/17/09 5:02 PM

#670 RE: blox87 #628

This is directly from the 10-Q as of Sept 30, 2009 filed on November 16, 2009:

NOTE 3 – GOING CONCERN

As shown in the accompanying financial statements, Power3 incurred net loss chargeable to common shareholders of $12,282,885 for the nine months ended September 30, 2009 and has total accumulated deficits of $81,515,311 as of that date. These conditions create an uncertainty as to Power3's ability to continue as a going concern. Management is trying to raise additional capital through various funding arrangements. If Power3 is unable to successfully obtain additional financing, it will not have sufficient cash to continue operations. As of September 30, 2009, Power3 had $38,371 in cash and cash equivalents. Power3 needs additional capital immediately to fund its liquidity requirements. Power3 is seeking between $3 million and $5 million in new financing. Power3 believes that $3 million is the minimum amount of financing it needs to repay existing obligations and to continue funding its new business strategy for at least 12 months following the date of this report. Power3 will need to raise additional funds from either one or a combination of additional financings or otherwise obtain additional capital sufficient to satisfy its future liquidity requirements. The financial statements do not include any adjustment that might be necessary if Power3 is unable to continue as a going concern.

COMMENT: Anybody got $3 to $5 MILLION?