Replies to post #49404 on DD Support Board and Research Team

[BullNBear52]

I saw the $10K in cash on hand. They also are carrying a compensation payable of $366K on the liability side and $600K in severance. And they have $4.5M in accts payable.

The only thing keeping the company alive is the stock dilution and financing activities.

Net proceeds from convertible notes 1,389,870

http://www.sec.gov/Archives/edgar/data/1285701/000113626113000369/form10q.htm#fins

They are only generating $200K a qtr in revenue. That doesn't pay the bills.

[integral]

Wow, at least he is only making $40k a month. Ive met CEOs that think they should make $2 million per year, even with losses. I asked, what makes you think that. I get, because I am me.

I call that fraud.