RE: RE: RE: Sedars are outSo these idiots haven't done anything since Jan 11th?... and now they have no money so the need another financing. They also owe 800k for outstanding loans? What the hell happened to "the checks are in the mail"? EZ even issued a statement claiming they were "producers". What the hell is going on with these clowns?
At January 31, 2011, the Company had cash of $26,357 (January 31, 2010: $199,509) and a
working capital deficiency of $794,976 (January 31, 2010: $1,178,011). Net cash reserves and
working capital deficiency decreased as a result of proceeds from share issuances and loan from
financing companies incurred during the past three months. The Company has no commercial
revenue and is therefore dependent on its financing activities to fund its operations.
The Company does not have any cash flow from operations and is unable to generate sufficient
cash to complete current projects without obtaining additional financing. The Company receives
funds for use in its operations primarily from issuing common shares in the Company. This is not
expected to change in the short or medium term.
WHAT A F$CKING JOKE!