Last quarter was no different from all the other quarters.
No production
No Revenue
No earnings
Salaries paid in full
Oh Yea we borrowed about 3 million more in Q4 with the secured debentures (30 million shares + 15 million warrants = 45 million more share dilution if the shares over 10 cents and warrants over 15 cents are converted).
Our non productive dysfunctional plant is worth about 10 million (as appraised by Romspen) who advanced us a 60 % equity loan of 6 million secured loan due in July of this year..
We are about tapped out now.
Just a few grand left to pay the overhead and salaries but we could keep the market in the dark for a few more months after this financial call with the usual string along.
We are pleased to announce that we are working hard to advance the ongoing secret talks. There is great interest in our novel 50 year breakthrough that will feed the hungry world with high value protein.
After all 28 subjects (starving students) in January 2013 at the Jena German University said how great Canola is after they were given the free food and paid a generous daily stipend to participate.
We are still not saying how much we paid GEA for the report that gives us a semblance of credibility.
After would the market believe what CC as CEO and CS as CFO said from June 2009 to August 2011 and what CS has said as CEO from August 2011 to Feb 2013.
10 and half cents !!!!!!!!!!!!!!!!!!
Company for sale HA HA HA........... more like a foreclosure