| | Bla, bla, bla... "Net Loss was $2.8 million for the quarter ended June 30, 2006 as compared to a net loss of $1.9 million for period ended June 30, 2005." ...bla, bla, bla...
Oh, and this is juicy:
"At June 30, 2006 the Company had cash of $1.6 million compared to $3.6 million at June 30, 2005. At June 30, 2006, the Company had a working capital deficit of $5.4 million, as compared to working capital of $10.4 million at June 30, 2005."
Yes, it DOES say "deficit" doesn't it? My my, what a surprise. Off to the bank to borrow? Not so fast...
"The Company, at present, does not have a credit facility for working capital in place with a bank or other financial institution."
Oops. Bummer.
Quotes from: biz.yahoo.com |
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