News Focus
News Focus
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Rawnoc

12/08/09 8:34 PM

#170 RE: BRIG_88 #169

No news that I see. Could be shorts covering, who the hell knows. It had quite a dive from .90 so it could be atracting vultures like me looking for a dead cat bounce on a hot story (though I have to admit if there really is only 1 employee then I don't know what my source was thinking....I'll ask him for more details and see what I can post)

Gotta run for now.
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Rawnoc

12/09/09 1:46 AM

#171 RE: BRIG_88 #169

Okay, BRIG....we may want to hold off just a bit before even thinking of touching this.... see the bold from the 10Q:

"To date, the Company has not been successful in raising adequate funding to conduct any operations and there remains significant doubt that the Company will maintaining it status as a reporting company with the Securities and Exchange Commission (SEC). As such the following details relating to the Company’s proposed operation are highly speculative and fully dependant upon raising adequate financing, which it has previously been unsuccessful with.

Liquidity and Capital Resources

As of September 30, 2009, we have $592 of cash available. We have current liabilities of $60,164. From the date of inception (July 15, 2005) to September 30, 2009 the Company has recorded a net loss of $77,672, which were expenses relating to the initial development of the Company, filing its Registration Statement on Form SB-2 (deemed effective July 9, 2007), and expenses relating to maintaining reporting company status with the Securities and Exchange Commission. We will require additional capital investments or borrowed funds to meet cash flow projections and carry forward our business objectives. There can be no guarantee or assurance that we can raise adequate capital from outside sources to fund the new proposed business direction.

On April 23, 2008, the Company received proceeds in the amount of $19,333, which was the result of a non-secured shareholder loan. However, the failure to secure additional adequate outside funding immediately or within the next 30-60 days would have an adverse affect on our plan of operation and a direct negative impact on shareholder liquidity, which would likely result in a complete loss of any funds invested in the common stock and may result in the business failing."
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Rawnoc

12/09/09 2:38 AM

#173 RE: BRIG_88 #169

I've been reading through the PRs and this is one of the strangest "companies" I've ever seen in that each PR has quotes in it by "A company spokesman" without a name given. WTF? Have you EVER seen a company spokesman's name not even revealed giving quotes in every PR?