Things don't sound very good over at LOCK! They are throwing these shares on the market before everyone realizes what a POS this really is. Since Jan1, 1999, monthly revenue is $22,000!! ON a stock that has a marketcap of $38 million!
disclosure-investor.com LOK+INC&COMPANY_NR=S014755000&DCN=00581384&DOC_DATE=03/28/2000&PAGES=13&RECEIPT_ DATE=03%2f28%2f2000&FILING_TYPE=PROSP&DESCRIPTION=&TICKER=lock&VENDOR=MSFT
" As of September 30, 1999, we had an accumulated deficit of $21,885,884.
For the year ended December 31, 1998 and the none months ended September 30,
1999, we incurred net losses of $(6,066,394) and $(2,462,817), respectively.
Management projects that we require monthly operating revenues averaging at
least $300,000, but since January 1, 1999, our monthly operating revenues
averaged only approximately $21,700. As a result of the foregoing, the report
of our independent auditors for the year ended December 31, 1998 raises doubt
about our continued existence and states that in order to remain viable, we must
. raise additional capital; and
. achieve a successful level of sales." |
