looks like insiders pooled their lunch money for the month to buy a whopping 4300 shares today. ROFLMAO!!! yes and i know all the pumpers will be outraged but i just couldn't help myself.
yet another example of stinky rinks personal ATM using dilutive/creative financing...print 4MM more worthless shares(dilution) and presto get $2MM.
Going Concern and Management's Plans
The accompanying December 31, 2013 consolidated financial statements have been prepared in conformity with generally accepted accounting principles, which contemplate continuation of the Company as a going concern and the realization of assets and satisfaction of liabilities and commitments in the normal course of business. As discussed in Note 2 to the accompanying December 31, 2013 consolidated financial statements, we have not achieved a sufficient level of revenues to support our business and have suffered substantial recurring losses from operations since our inception, resulting in a significant accumulated deficit. These factors raise substantial doubt about the Company's ability to continue operations as a going concern. As such, the Company's independent registered public accounting firm, in their report dated March 28, 2014, included an emphasis-of-matter paragraph with respect to our financial statements for the fiscal year ended December 31, 2013 concerning the Company's assumption that we will continue as a going concern. The accompanying December 31, 2013 consolidated financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts or the amount and classification of liabilities or any other adjustment that might be necessary should the Company be unable to continue as a going concern. Management believes that the Company's ability to continue as a going concern will be dependent on its ability to raise additional capital and/or generate significant sales growth in the short term. The Company's ability to achieve these objectives cannot be determined at this time. Management's plans in regard to these matters are described in Note 2 to the accompanying December 31, 2013 consolidated financial statements. If the Company is unable to raise additional capital and/or generate significant sales growth in the near term there is a risk that the Company could
WHAT A F-N JOKE&SCAM...floating company expenses om AMEX credit card
Unregistered Sale of Equity Securities
Item 3.02 Unregistered Sales of Equity Securities.
On October 18, 2013, the Company issued 12,756,800 restricted shares of its common stock to Mr. Harmon in exchange for Mr. Harmon's payment of $14,501 worth of debt owed by the Company to American Express. The above mentioned securities were issued in reliance on Section 4(2) of the Securities Act of 1933, as amended.
Mortimer turn those machines back on...ROFLMAO