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Edward Munch

11/17/11 11:40 AM

#2426 RE: lmcat #2418

The accompanying condensed financial statements have been prepared assuming that we will continue as a going concern, which contemplates the realization of assets and satisfaction of liabilities in the normal course of business. At September 30, 2011, we had an accumulated deficit of $10,419,065 and a working capital deficit of approximately $1,523,209. During the nine months ended September 30, 2011, we incurred a loss of $1,891,627. We had no significant revenues or earnings from operations. We will in all likelihood sustain operating expense without corresponding revenues. This may result in us incurring a net operating loss, which will increase continuously unless and until we can achieve meaningful revenues.

They're in the hole -10.4 million dollars.

Isn't there some big news coming or something?