Hi Dade - we can but hope on revenues -one big deal would make a huge difference!
No doubt management are doing their level best ,note that SC using his own funds & defferring salaries so good job if they get can get funding without too much dilution and/or at reasonable credit terms !
Thanks for keeping this board honest!
regards Gerry
From last 10Q;
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"Common stock, $0.001 par value, 500,000,000 shares authorized 198,145,003 shares issued and outstanding at March 31, 2012 "
Plus MRL pending 50 million warrants !
"Common Stocks
During the three months ended March 31, 2012, the Company issued 6,829,731 shares of its common stock, under options, to compensate outside law firms, calculated for accounting at a stock closing price at the end of each trading date, being compensation for legal services, for a total exercise of $318,000 in cash to the Company and the Company recorded the remaining $366,676 as a legal expense for legal services.
Debt conversion
During the three months ended March 31, 2012, the Company issued 5,379,172 shares of its common stock to the third party lender with a conversion price of $0.055771 per share to settle the debt that has been outstanding in prior years. The Company recorded $300,000 loss on modification of debt under Other expense in the Condensed Consolidated Statements of Operations. "
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