Replies to post #1092 on Myriad Interactive Media, Inc. (fka MYRY)

[StocktraderDK]

Liquidity and Capital Resources

As of March 31, 2013, we had total current assets of $70,538, consisting of cash in the amount of $36,843, deposits in the amount of $992, prepaid expenses in the amount of $29,053, and accounts receivable in the amount of $3,650. As March 31, 2013, we had current liabilities of $262,984, consisting of accounts payable and accrued expenses in the amount of $12,068, a payable due to a shareholder in the amount of $77,241, a convertible note payable in the amount of $121,715, and a derivative liability of $51,960. Accordingly, we had a working capital deficit of $192,446 as of March 31, 2013. We have not attained profitable operations and are dependent upon obtaining financing to pursue significant development and expansion of our planned search engine and social media marketing business. We will need to raise approximately $250,000 in new capital in the short-term to put together a working environment for our team to assemble together for efficient production and growth. Although we are engaged in efforts to raise additional equity capital, we currently do not have any firm arrangements for the required equity financing and we may not be able to obtain such financing when required, in the amount necessary, or on terms that are financially feasible.