Their Quarterly Reports always make me nervous when they bring up their accountant's worries about their ability to survive financially.Also, I almost got the feeling that they were warning of dilution in the near future.
djmrunfast1989,Look at the latest cash flow statement filed by the company. Net cash used in nine months of FY2010 is $455,474. This averages to $50,608 per month.My concern is that the company's cost of raising new capital is high. In light of the expected signing into law of the Small Business Jobs Act, management should seek financing through this avenue.
all the bluster that goes by on these boards almost NO ONE commetns on the report. Wow, how sad, nothing to say abuot it.
Well you read it and what is there to say. What do you think about it?
Karen, what is your take on the dilution issue? DJ
Dennis - they are all but telling you they are going to issue 125,000,000 shares Dutchess.. Currently 144,000,000 shares. Yeh, dilution abuot 1/2 your value. And that is the upside if the co. does not do a belly flop.