Ummmmm.....that was the filing on November 25. 14 days ago. They are warning a complete loss if they don't get the funding "immediately" (failed?) or now 16-44 days?
Ummmmm... "which would likely result in a complete loss of any funds invested in the common stock"
I've never seen a filing warn of complete loss in such a short time frame. Seems like this could be toast.
The date in the BOLD is 4/2008...Looks like they made it 18 months to 12/09...I just got in last week and am playing it for the bounce...I was getting E-mails and liked the technology of the I-phone connection... real happy so far and even bought more yesterday to "average up" ... I'm betting .25-.30 short term with continued "momo" bounce ... Really, have no idea what's causing the move, but worth the risk to me...Is new resistance .20? ...Or can volume bust thru that? ...GL
"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."
Watching from the sidelines for a possible monster crash to pick up a dead cat bounce play maybe at .02
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