Just as a follow-up, I started with the last 10QSB and personally did not like a number of points. There's been dilution and will be more, SEC investigations, lay-offs, and other matters and they stating warnings left and right. From the 10Q, they may have financing coming, and that could be the news around the corner:
freeedgar.com
"WE NEED SIGNIFICANT ADDITIONAL CAPITAL TO CONTINUE OUR OPERATIONS.
As indicated above, we are currently experiencing a critical capital
shortfall. Our current cash and cash equivalents plus existing financing
commitments and anticipated cash generated from operations are currently
insufficient to meet our anticipated cash needs for working capital and capital
expenditures. In November 2000, we conducted layoffs of all of our employees
except for certain management and engineering personnel. We need to raise
additional funds immediately."
However, a couple of posts on RB, from people who seem to be aware of a deal:
ragingbull.lycos.com
ragingbull.lycos.com
ragingbull.lycos.com
In other words, I may play it a little, and tomorrow only, but for the longer term, there are many others much better IMO, and I won't even talk about the markets. Do your own DD, and best of luck to you. I'm down for the count for today,
-CyberJas |
