Posted On: 08/21/2015 8:52:43 AM
Post# of 43065
Re: 3.14159265359 #21591
" Our limited capital resources and recurring losses from operations raise substantial doubt about our ability to continue as a going concern and may adversely affect our ability to raise additional capital. "
From p. 31 of recent 10Q:
http://www.sec.gov/Archives/edgar/data/138110...rm10-q.htm
Additionally, having been nailed twice for fraud, by two different regulatory agencies and two different countries, isn't exactly a magnet for attracting new money.
Unless and until Heddle announces successful and sufficient financing, this company is sitting idle and heading to the triple zips, if not taken into bankruptcy first. That is the only "zero doubts" statement one can make.
From p. 31 of recent 10Q:
http://www.sec.gov/Archives/edgar/data/138110...rm10-q.htm
Additionally, having been nailed twice for fraud, by two different regulatory agencies and two different countries, isn't exactly a magnet for attracting new money.
Unless and until Heddle announces successful and sufficient financing, this company is sitting idle and heading to the triple zips, if not taken into bankruptcy first. That is the only "zero doubts" statement one can make.
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