Not true. There's lots of truthful info. Both of the companies that put out these filings are or have been "in play" here.
From an 8k:
"The Investor may convert, at any time, the outstanding principal and accrued interest on the Debenture into shares of the Company’s common stock (“Common Stock”) at a conversion price per share equal to fifty percent (50%) of the average of the closing prices of the Common Stock during the five trading days immediately preceding the date of conversion as quoted by Bloomberg, LP or such other quotation service as mutually agreed to by the parties."
From a 10q:
"We are insolvent. As of March 31, 2011, we had zero cash (and no other current assets) and we had total current liabilities of $215,332. The latter represents the total amount of debts and liabilities that we owed and which are due for payment within 12 months of March 31, 2011. Thus, we have almost no funds to pay our currently due debts and liabilities. Should one or more of our creditors seek or demand payment, we are not likely to have the resources to pay or satisfy any such claims. Thus, we clearly face a risk of bankruptcy or insolvency. In that event, our creditors would assert claims that would result in either the total liquidation of the Company or, failing that, that our creditors would acquire control of the Company and our existing stockholders would lose their entire investment."
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