Maybe you forgot to include this in your post! Or, was it intentional to get someone to sell their shares? I also noticed the same posting on Yahoo this morning. DON'T BE SHORT - .20-.30 coming!!!
As of May 23, 2011, we had approximately $750,000 in available cash and $427,000 in accounts receivable. Through May 23, 2011, we received subscriptions for $1,110,000 from our Series G offering, including $50,000 from our President, $100,000 from our Chief Executive Officer and $100,000 from our Chairman. To remain operational through the next 12 months, we will need to improve our cash flows. To accomplish this, our management has been focused on generating sales from its mobile software products, and continuing to manage our expenses. The additional financing we are seeking may not be available on terms that are favorable to us, if at all. Any equity financing may be very dilutive to our existing shareholders. If we are unsuccessful in our attempts to increase cash flows to cover our expenditures or raise additional funds in a financing, we may not be able to remain operational over the next 12 months.
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