Posted: Sunday Oct 30 4:02:38PM 2005
Wow, that is one nasty looking balance sheet in my opinion! $85K in current assets and $11.16 million in current liabilities!!!! I guess the latest $5 million financing will help if it goes through, but another 25-30 million shares on a fully-diluted basis 9including half warrant) will be out. Recent director resignation and lawsuit by x-IR firm etc. will scare a lot of investors away...including me...