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Voices of Reason

03/04/13 12:23 PM

#316 RE: surge1k #315

Meanwhile - reality kicks back in.....

Cash on hand - $1,588

Assets - $1.44 million tied up in a mothballed biodiesel plant that has no salvage value and is the subject of questionable ownership (reference SEC suspended company GAEC claim to same)

Operating expenses (G&A and depreciation) - about $178k per quarter

Cumulative losses since re-entering the development stage of $27,555,822 and a working capital deficit of $1,426,370

Pending litigation with Emtel

A ton of toxic convertible debt waiting to be exercised.
Employees = 1 (Robert Federowicz - a man with ZERO robotics experience)

Robotic assets = $0