A quick glance at the numbers on Sedar shows the following:
Their annual NET loss is up about 50% over last year. They had a negative cash flow of $428,616 for the year. There was dilution of almost 10,000,000 shares during the year. Their Current Ratio has gone from 2.3:1 to 1.13:1.
I have not looked closely at their MD&A but have not notice any update in the status of their financing attempt that they began last October. This is their biggest concern. Will no one step up for them or are the terms too onerous?