WM,
I'll respond in Auric's absence.
Show us the contracts.
Or any information, for that matter.
I won't go long, or short, based on whispers. (internet buys/sells)
In my humble opinion, this "company" exists to sell stock to novice "investors".
We will all soon see.
edgar.sec.gov
From my observations after reading the above, the "company" has burned over $800k as of 3/31/99. In other words, the first quarter.
In April 1999, the Company issued 400,000 shares of common stock for $2,000,000 in a private placement.
At this rate, it won't take long to go thru the other 1 mil.
The "company" released another 300k shares, evidently to Shelby. Now the "company" reportedly released another 400k shares, thereby further diluting existing shareholder value.
All IMHO.
I am still neutral, but watching with amused interest.
Have fun,
Phil |
