<We need to explain
and present the DD necessary for the lurkers to make their decisions.> Then why not start with the Convertible preferred floorless debenture and then move on to the loans for stock the CEO has made to the company. Then we can remind ourselves of TSIG's disclaimer on the recent press release..
"This press release contains ''forward-looking statements'' within the meaning of Section 27A of the 1933 Securities Act and
Section 21E of the 1934 Securities Exchange Act. Actual results could differ materially, as the result of such factors as (1)
competition in the markets for online services, for the products and services sold by the company, and for outsourced
teleservices, (2) the ability of the company to execute its plans, (3) the availability of financing at favorable terms, and (4) other factors detailed in the Company's public filings with the SEC."
then we can ask where is additional financing going to come from, considering the current negative working capitol.
""As of December 31, 1998, the Company had a
negative stockholder's equity of $8,004,726, an accumulated deficit of $37,888,635,
and a working capital deficit of $8,892,289"".DD |
