All I can say is wowGlad I bailed @ .10. I like to come back here for the novelty and I dont mean to pour salt in wounds. It's amazing in a 9 month period they have doubled their shares outstanding. Have $5 million in current liabilities against $17,000 in the bank (I should be more generous as they actually have a million in current assets including credits) LOL. Even a 1 for 20 or 1 for 50 roll back won't fix the mammoth debt.
Stick a fork in this one. Can't see this one ever coming back. Even the shell is not attractive with all the debt. Someone will walk away with the technology.
They're going to have to keep printing paper to pay for the $115K a qrter salaries. And how many shares to cover debt? What truly amazes me is they keep tapping into the market. Not so much that they are doing it rather their are people putting money into it.
Question of the day....is the fact the technology does not work.......or is it a question of how management has managed this. I really liked the smoke and mirrors surrounding who held the patents. MGT should be ashamed.