What do you make of the 165K revenue from online travel...and a loss of 6.5 MILLION? Does that make you feel good about your investment?...how can they continue to support a concept that costs millions of dollars and only generates 165K?... No wonder my broker friends on Wall Stree laugh when I bring this POS up to them....imagine spending 6.5 million to generate 165K? ...It's like taking the Hope diamond and breaking it up to put a chip in my gorgeous wife's navel...or add some sparkle to IFLYTRADER's gold front tooth...LOLPIMP
JJodor...why not skip on over to the SEC files and do some real research for a change.
Due to the nature and stage of growth of our online travel services business, our online travel services subsidiary, LPI Limited, incurs operational losses of approximately $1.0 million per month with minimal revenues. These costs are expected to increase over the coming months. For example, under certain of our strategic agreements such as Lycos, Yahoo!, InfoSpace and Nomade, we are required to make payments aggregating approximately $6 million over the next 12 months. We anticipate paying for these expenses, as well as the anticipated operating losses of our online travel services business, through equity financing and/or additional indebtedness. However, there is no assurance that we will be able to raise any additional equity financing or incur additional indebtedness.