As reflected in the accompanying unaudited interim consolidated financial statements, the Company had a net loss of $16,035,293 and net cash provided by operations of $1,423,375 for the three months ended March 31, 2012 and a working capital deficit and stockholders' deficit of $18,140,341 and $17,209,090 respectively, at March 31, 2012. These factors raise substantial doubt about the Company's ability to continue as a going concern.
From the 1q
This is debt accumulated over the years. They are NOW paying it down and telling us the future depends on growth. And its still great. CFO is calling for 4 million cash positive eoy. Sounds right if not conservative and smart. They layed it all out there with the hires,sports complex,science,athletes,ext. unreal story. They should start getting better capital financing with the growth. Period and when the debt comes down more and sales and profit go up. PPS goes up in front of that. I like it at .02 a lot. They now do about the same a month in sales as the market cap of all shares. That will get it done.
I have a million shares plus saying Yes it will. Because it is now.