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Microcap & Penny Stocks : IMDS nasdaq bulletin board
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To: sydney who wrote (4069)2/22/2000 10:10:00 AM
From: KAKALAK  Read Replies (1) of 4122
 
"Management's Discussion and Analysis of Financial Condition and Results of
Operations".

In the event that we are unable to obtain debt or equity financing or we are unable to obtain such
financing on terms and conditions acceptable to us, we may have to cease or severely curtail our
operations. This would materially impact our ability to continue as a going concern. However, our
management is continually negotiating with various outside entities for additional funding necessary to
complete the clinical testing phase of development required before we can receive FDA marketing
clearance. Management has been able to raise the capital necessary to reach this stage of product
development and has been able to obtain funding for capital requirements to date. There is no
assurance that once development of the CTLMTM prototype is completed, and if and when FDA
marketing clearance is obtained, that the CTLM(TM) will achieve market acceptance or that we will
achieve a profitable level of operations.
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