|
| related topics |
| {interest, director, officer} |
| {control, financial, internal} |
| {stock, price, share} |
| {product, market, service} |
| {acquisition, growth, future} |
| {provision, law, control} |
| {debt, indebtedness, cash} |
| {cost, regulation, environmental} |
| {customer, product, revenue} |
|
|
We have only a limited operating history, did not generate any revenues in fiscal 2010 and have not operated profitably since inception. There are no assurances we will ever generate revenues or profits .
We will need additional financing which we may not be able to obtain on acceptable terms. If we cannot raise additional capital as needed, our ability to execute our business plan and grow our company will be in jeopardy.
Our auditors have raised substantial doubts about our ability to continue as a going concern.
We face increasing competition that could result in a loss of users and reduced revenues or decreased profits.
Historically we have engaged in a number of related party transactions and our Board is not controlled by independent directors
We have approximately $145,000 principal amount in debt which we have not repaid and which is in default.
Because our operating history is limited and the revenue and income potential of our business and markets are unproven, we cannot predict whether we will meet internal or external expectations of future performance.
We intend to rely on fees as a significant part of our future revenue. The market is subject to many uncertainties, and we may never generate any significant revenues from fees.
We could be subjected to claims and incur compliance costs related to improper conduct by users.
Our common stock and certain of our warrants are currently quoted on the OTC Bulletin Board, but trading in the securities is limited, and trading in these securities is, or could be, subject to the penny stock rules .
Provisions of our Articles of Incorporation and Bylaws may delay or prevent a take-over which may not be in the best interests of our shareholders.
A large portion of our outstanding common shares are restricted securities and we have outstanding options, warrants and purchase rights to purchase approximately 45% of our currently outstanding common stock.
Full 10-K form ▸
|
|
| related documents |
| 948545--3/16/2006--TALK_AMERICA_HOLDINGS_INC |
| 1057327--3/31/2009--COMCAM_INC |
| 1265521--3/31/2010--HEALTHMED_SERVICES_LTD |
| 1265521--3/11/2009--HEALTHMED_SERVICES_LTD |
| 1375685--1/22/2009--BTHC_X_INC |
| 1423586--2/26/2010--Quadra_Projects_Inc. |
| 1365022--7/7/2009--Coronado_Corp. |
| 1301843--9/29/2008--Quantum_Ventures_Inc. |
| 1301843--10/21/2009--Quantum_Ventures_Inc. |
| 1382574--4/15/2009--XCELLINK_INTERNATIONAL_INC. |
| 1380856--11/12/2008--APRECIA_INC |
| 1367617--9/13/2010--CYBERMESH_INTERNATIONAL_CORP. |
| 1425883--5/26/2010--Independent_Film_Development_CORP |
| 841543--3/30/2010--GEN_RX_INC |
| 1365022--6/30/2008--Coronado_Corp. |
| 753772--3/15/2010--MEDIZONE_INTERNATIONAL_INC |
| 1372975--5/30/2007--FROMEX_EQUITY_CORP |
| 1365022--4/14/2010--Coronado_Corp. |
| 821899--8/13/2009--TERRACE_VENTURES_INC |
| 821899--9/14/2010--TERRACE_VENTURES_INC |
| 1282571--7/14/2009--GREENLITE_VENTURES_INC |
| 1409431--9/3/2010--Theron_Resource_Group |
| 1136463--1/29/2010--FIRST_CORP_/CN/ |
| 704172--10/13/2010--PHI_GROUP_INC |
| 1387341--3/31/2008--Boatatopia |
| 1415813--1/12/2010--ASIARIM_CORP |
| 1360564--5/29/2008--Real_Estate_Referral_Center_Inc. |
| 1474266--3/16/2010--SMSA_GAINESVILLE_ACQUISITION_CORP. |
| 1363343--3/5/2010--Marketing_Acquisition_Corp |
| 357108--12/23/2009--IRVINE_SENSORS_CORP/DE/ |
|