Replies to post #31837 on Left Behind Games (fka LFBG)

[noquit]

At least the two year audit is now out of the way.

That was holding things back.

[billd1]

Yes, I agree, but this 10k was extensive with the negativity, more so than most.

[tnay]

I agree, but the fact that they've gone from the first profitable quarter at the end of 2010 with a net of $120k+, back to this???

At March 31, 2011, we only had $21,180 cash on hand and there is substantial doubt as to the ability of our Company to continue as a going concern. At March 31, 2011, we had no accounts receivable and we had $1,597,350 in accounts payable and accrued expenses.

I think Troy is a project manager at heart...and from my personal experience with project managers, what they do best is burn through money. It just seems like dilution is the only way he can sustain this company.

This was my first penny stock, and I based my decision on emotion instead of research and lost my butt. I wonder how many others did...