the language was boiler plate for a company with no revenues, so i'm not sure what everyone is freaking out about. if you read any 10k for a company with no revenues, they all say the same about bankruptcy -- literally the same words/phrases.
there weren't any bright spots in the 10k, but did people expect there to be? what did people expect, that thousands of people purchased and paid for the product in the first 3 months?
the financing is troublesome, but that's the way it goes in these types of companies. they'll figure out the financing by June, but the question will be the terms. i don't want to experience any more dilution either, but i'd rather have a chance for my investment to become profitable.
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