From the annual filing (please note: " Any additional funding derived from the sale of equity securities is likely to result in significant dilution to our existing stockholders"):
" Our financial resources are limited and we will need to raise additional capital in the future to continue our business.
We do not expect to generate the level of revenues going forward as we have achieved in prior years from our video game business. This significantly reduced revenue will impact our needs for future capital. We cannot ensure that additional funding will be available or, if it is available, that it can be obtained on terms and conditions we will deem acceptable. Any additional funding derived from the sale of equity securities is likely to result in significant dilution to our existing stockholders. These matters involve risks and uncertainties that may prevent us from raising additional capital or may cause the terms upon which we raise additional capital, if additional capital is available, to be less favorable to us than would otherwise be the case. If we reach a point where we are unable to raise needed additional funds to continue as a going concern, we will be forced to cease our business activities and dissolve the Company. In such an event, we will need to satisfy various severances, contract termination and other dissolution-related obligations. "
Also note: "If we reach a point where we are unable to raise needed additional funds to continue as a going concern, we will be forced to cease our business activities and dissolve the Company."
They are telling you what is about to happen. Significant dilution to raise funds and if they can't get enough, the company is done. The common shareholder will lose in either case.
like i do...zzzzzzzzzzzzzzzzz
The only ones not sleeping here are the couple of pumptards holding a few shares pretending they are players..lol
Sentiment: Strong Sell
I predicted a 20%-30% drop - we shall see by the end of the day. With no employees and no games coming out, why do you think people would buy?
You and others here were predicting a total crash for cool this morning.....the price action after such a cruddy er is very very bullish....showing very strong resilience
Sentiment: Strong Buy
No. Please short some shares. You can't lose, right?
If you think it is going to zero, take advantage of these bids. You are all geniuses, right?