here is the article:
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Damn, just as all the jokes stopped about the vaporware at E3, this
comes <http://biz.yahoo.com/e/040823/iflb.ob10qsb.html> out.
As reflected in the accompanying financial statements, the Company is in
the development stage with no sales, a working capital deficiency of
$3,962,226. This raises substantial doubt about its liability to
continue as a going concern. The ability of the Company to continue as a
going concern is dependent on the Company's ability to raise additional
capital and implement its business plan. The financial statements do not
include any adjustments that might be necessary if the Company is unable
to continue as a going concern.
Elsewhere in the article it mentions that the company has just over
$100k cash on hand and will require almost $70m over the next year while
expecting revenues of $35m.
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Matching this up to the previous article about their financial
situation, things don't look good.
-Gel
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