Posted On: 06/05/2014 12:56:38 PM
Post# of 43066
Re: mahatmapaul #8815
It's even less money than that my friend:
"Management estimates that the repair of the processors will require the expenditure of between $175,000 and $200,000. At June 3, 2014, we lacked the working capital or access to bank credit to make these repairs. "
Nobody, none of the 11 remaining full time employees collecting salaries in an idle company, JB, Heddle, any previous PIPE investor (including the mega-millionaires and billionaires), friends, family, potential customers, the "bid sitters" who have been buying shares every day for the last few years....not a living soul on the planet willing to put in the money repair the processors.
An accumulated deficit of $61,118,267.00, but not enough money to pay for these repairs.
"Management estimates that the repair of the processors will require the expenditure of between $175,000 and $200,000. At June 3, 2014, we lacked the working capital or access to bank credit to make these repairs. "
Nobody, none of the 11 remaining full time employees collecting salaries in an idle company, JB, Heddle, any previous PIPE investor (including the mega-millionaires and billionaires), friends, family, potential customers, the "bid sitters" who have been buying shares every day for the last few years....not a living soul on the planet willing to put in the money repair the processors.
An accumulated deficit of $61,118,267.00, but not enough money to pay for these repairs.
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