This was my answer to DBs post who did not respond.

Re: proxy out vote to increase authorized to 350,Mil...

Posted by: richardo on July 10, 2008 11:57AM

In response to: Re: proxy out vote to i... by DABOSS

The difficulty will be to follow up with a good Fiscal Year 2009.

The airline industry is in crisis and we have yet to penetrate the other market segments, health, leisure, military, etc.

I also believe we will see additional debt financing within 6 months, even with the cash infusion of 750k, the balance sheet indicates a need to generate new funds for working capital.

Let's hope the current investors will continue their support until new products begin to generate revenue and/or we realize a settlement from one of the present lawsuits.

Note how I missed the financing by 6 months, the 750k was a token amount based on their total need.