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[QUOTE]Originally posted by whoknows: [QB] May be there are somethings in the filing that coincides with the timing of the big pump and dump started by Frogster. The SEC might be interested given the past of the CEO Cery Perle. "Historically, our operations have been financed primarily through the issuance of equity and debt. Because we have a history of losses and have never generated sufficient revenue to fund our ongoing operations, we are dependent on our continued ability to raise working capital through the issuance of equity or debt to fund our present operations. Because we do not know if our revenues will grow at a pace sufficient to fund our current operations, the continuation of our operations and any future growth will depend upon our ability to raise additional capital, possibly through the issuance of long-term or short-term indebtedness or the issuance of our equity securities in private or public transactions." "We have generated minimal revenue since our inception on June 12, 2002, and have incurred [b]net losses of approximately $33.1 million[/b] since inception through December 31, 2005" "WE HAVE OUTSTANDING $793,319 PRINCIPAL AMOUNT 8% PROMISSORY NOTES WHICH WERE DUE ON MARCH 1, 2006 AND [b]DO NOT PRESENTLY HAVE SUFFICIENT CASH TO SATISFY THE OBLIGATIONS[/b] ." [/QB][/QUOTE]
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