The Company is also pursuing the further development of its E-commerce business
and has established a site focusing on various aspects of Traditional Chinese
Medicine, including the sale of Traditional Chinese Medicine remedies.
Discussions are ongoing with the People's Republic of China aimed at achieving
proprietary access to various scientific information and research and
development services and at establishing sources of TCM products to be sold over
the Internet. The Company expects these efforts to begin bearing fruit in the
year 2000.
Current monthly cash requirements in order to sustain
meaningful operations are approximately $100,000. Management believes, based on
its recent experience, that it can continue to raise incremental capital through
private placements, if needed, to support its operations until such time as the
revenue stream is sufficient to provide for continuing operations. Such private
placements, if any, will likely require discounts from then current market
prices, reflecting the risk associated with trading restrictions, trading volume
and volatility, and stock price support levels. Management will continue to
evaluate the most cost effective means of raising any additional needed capital,
including the feasibility of adjusting exercise prices on outstanding options or
warrants as appropriate. |
