Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Oil Sands and Related Stocks -- Ignore unavailable to you. Want to Upgrade?

To: Taikun who wrote (2105)	8/28/2005 7:46:26 PM
From: Taikun	Respond to of 25575

I should add, though, DWOG is still more speculative than CLL or PBG. The company has no revenue, and a deficit to working capital and is funding operations through shares: biz.yahoo.com CURRENT POSITION As of December 31, 2004, we had a deficiency in working capital of $363,248. For the year ended December 31, 2004, we generated a net cash flow deficit from operating activities of ($1,201,700), consisting primarily of year to date losses of ($3,749,320) from continuing operations, a combined net profit of $702,124 from discontinued operations loss of ($71,298) and gain on disposal as well as net increases in discontinued assets and liabilities of ($773,322). Also included was $2,168,720 of deferred compensation related to employee stock options, 271,598 in increased current liabilities and other and $178,500 in common stock issued in exchange for mineral exploration costs. Offsetting the $1,201,700 operating activity deficit was $1,352,500 in proceeds from the sales of common stock and stock subscriptions consisting of $1,327,500 and $25,000 in proceeds from notes payable.