For those who actually care about whats in the filings.
Some Cumulative and Fact Based DD as per the latest 10Q:
"We anticipate that we will incur approximately $500,000 for operating expenses, including professional, legal and accounting expenses associated with our reporting requirements under the Securities Exchange Act of 1934 and our legal representation during the next twelve months. We do not have sufficient working capital to provide for the anticipated expenses over the next twelve months. Accordingly, we will need to obtain additional financing in order to complete our business plan. "
General and Administrative Expenses
"Our general and administrative expenses increased $1,571,771, or 387% to $1,977,886 for the three-months ended September 30, 2011 when compared to the three months ended September 30, 2010 amount of $406,115. This increase is primarily attributable to an increase in consulting fees of approximately $259,000, professional fees of $64,000, salaries and wages of $970,000, promotional expenses of approximately $188,000 and travel expenses of approximately $88,000 when compared to the six months period ended September 30, 2010. "
Net Loss
"The Company’s net loss for the three month period ended September 30, 2011 increased $(2,041,186) or 388% to $(2,566,791) from $(527,618) when compared to the three month period ended September 30, 2010 for the reasons discussed above. The net loss for the nine month period ended September 30, 2011 increased $(1,208,126) or 44.1% to $(3,950,474) from $(2,742,348) when compared to the nine month period ended September 30, 2010 for the reasons discussed above."
Some names that recieved shares for compensation of "services"
Sabine Hohler Plahuta
Guiseppina Sanna
Grace Antonietta Rossi
Luigi Esposito
John Wright
Denise Rose
Carolina Kjellman
Camillo Abrrescia
Mirkala Bell
Richard Kranitz
John Leo Raneri
Snja Merkel
Ludwig Merkel
Tania Farruggio
Danila Natoli
Carlos Vaqzques Saraza
Kurt Ferner
Curt Hansen
John Pentony
Norma Margaret Bishop
Jajo Rappe
Florian Braunfels
Urseula Mueller Breitkreuz
Rebeca Dutton
Lorie Varkonda
Robert Schepka
Ken Riter
Management has identified the following groups of control deficiencies, each of which, in the aggregate, represents a material weakness in the Company’s internal control over financial reporting as of September 30, 2011:
• The Company’s accounting records, policies and procedures were not adequately maintained or documented, and the accounting and finance department lacked resources and sufficient technical accounting knowledge.
• The Company did not analyze financial and operating results in a timely manner, including expenditures by certain management and others. Additionally, the company did not proactively review legal contracts and sales orders entered into for financial implications.
• Departments did not always work cohesively, particularly in regards to required disclosures, due diligence and acquisitions.
• The Company has engaged in a number of related-party transactions. Additionally, certain of the Company’s executive, directors and shareholders have outside business interests that could conflict with the priorities of the Company.
• The Company has not widely circulated a code of ethics beyond the Company’s directors and officers.
• The Company did not design and implement controls to communicate and monitor corporate strategy and objectives or compliance with policies and procedures, including expenditure policies at its operation in Spain and Germany.
• The Company has only one independent director on the Board of Directors.
Need for Additional Capital
"We will need additional funds to cover expenditures in the completion, publications and marketing of our products. We will fund any additional amounts required for such expenditures through additional debt or equity financing, which may dilute the economic interest of existing stockholders, and any new equity securities we issue could have rights, preferences and privileges superior to those of holders of our common stock. Our Board can approve the sale of additional equity securities from our authorized share capital without stockholder consent. "
Future Financings
"We anticipate continuing to rely on equity sales of shares of our common stock in order to continue to fund our business operations. Issuances of additional shares will result in dilution to our existing shareholders. There is no assurance that we will achieve any additional sales of our equity securities or arrange for debt or other financing to fund our planned activities. "
Assets
Cash = $33,586
If you consider the wild projections of completed plants, $$ Revenues, JV's, etc that were suppose to be in place already you will understand why this "company" is at .0002/share and why it will likely hit .0001 again before a massive RS.
A trading vehicle or a traitoring vehicle.
You decide.
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