It better be big financing. Look at how they're bleeding cash (from last 10Q):
As of March 31, 1998, the Registrant had a negative stockholder's equity of ($5,873,256), an accumulated deficit of ($28,093,769), and a working capital deficit of ($6,247,685).
Various factors effecting the Registrant's operations raise doubt as to the Registrant's ability to continue as a going concern. There can be no assurance that the Registrant will be able to continue as a going concern, or achieve material revenues and profitable operations. The Registrant is dependent upon sufficient cash flows from operations to meet its short term and long-term liquidity needs. These operations have not and are not expected to provide sufficient cash flows, and as such the Registrant requires additional financing. No assurances can be given that financing will be available to the Registrant in the amounts required, or that, if available, the financing will be available on terms satisfactory to the Registrant.
Gator |
