Posted On: 03/31/2014 7:16:04 AM
Post# of 7153
Re: mellow fellow #7011
eMONEco Inc. was previously in the mining industry and has mineral claims that they may have to dilute for financing. Donald E. Latson is the CEO of eMONEco Inc. and also on Prospect Ventures BOD. Here is a brief look from there latest 10-Q march 24th 2014.
At January 31, 2014, we had a cash balance of $2,560. We do not have sufficient cash on hand to commence building our sales staff or to fund our ongoing operational expenses beyond 12 months. We will need to raise funds to commence our sales program and fund our ongoing operational expenses. Additional funding will likely come from equity financing from the sale of our common stock or [b]sale of part of our interest in our mineral claims. [/b]If we are successful in completing an equity financing, existing shareholders will experience dilution of their interest in our Company. We do not have any financing arranged and we cannot provide investors with any assurance that we will be able to raise sufficient funding from the sale
At January 31, 2014, we had a cash balance of $2,560. We do not have sufficient cash on hand to commence building our sales staff or to fund our ongoing operational expenses beyond 12 months. We will need to raise funds to commence our sales program and fund our ongoing operational expenses. Additional funding will likely come from equity financing from the sale of our common stock or [b]sale of part of our interest in our mineral claims. [/b]If we are successful in completing an equity financing, existing shareholders will experience dilution of their interest in our Company. We do not have any financing arranged and we cannot provide investors with any assurance that we will be able to raise sufficient funding from the sale
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