Bob,
I concur.
I did however find it interesting that MCLN had indeed secured funding from two unnamed sources so that might provide them enough monies to at least survive long enough to actually do the reverse split: This was part of Note 2 of the latest 10K filing for period ending 12/31/11.
"The Company has available cash and cash equivalents of approximately $26,009 at December 31, 2011, which it intends to utilize for working capital purposes and to continue developing its business. To supplement its cash resources, the Company has secured alternative financing arrangements with two investment entities. While the acquisition of cash through these programs is related to company performance, we believe we will have access to the necessary funds for us to execute our business plan. However, we continue to incur significant operating losses that will result in the reduction of our cash position. We cannot assure that we will be able to continue to obtain funding through the alternative financing arrangements and the lack thereof would have a material adverse impact on our business. Moreover, any equity funding could be substantially dilutive to existing stockholders. The aforementioned factors raise substantial doubt about our ability to continue as a going concern. In the event the Company is unable to continue as a going concern, it may pursue a number of different substantial options, including, but not limited to, filing for protection under the federal bankruptcy code."
Just some level of comfort they might actually last long enough to turn this around.
Regards,
bymsh
News 
Market Data 
Discover 
