RE: MANAGEMENT’S DISCUSSION AND ANALYSIS so for those criticizing 'negative people' ....
page 13:
In the absence of ongoing new capital financing, the Company does not expect that cash on hand, and future cash flows generated from operations, will support the repayment of these financial liabilities when they are scheduled to come due.
Although any forecast of future cash inflows or outflows is subject to a certain amount of uncertainty, and despite the new capital raised in July of 2012, it is a certainty that it will be necessary for the Company to raise additional capital to meet its business objectives and longer-term liquidity demands. If the additional capital is raised at current share prices through the sale of equity or convertible debt securities, this would result in significant dilution to the existing shareholders
p.s. spreading the word dr. by dr. wont do much in this case at this pointwa
I was optimistic, now I await