Dear "newbie21"

You did not include the whole statement in your question.

The entire statement is:

"Management's anticipates expenditures of $3,429,000 over the next twelve months. Management is currently seeking additional financing through the sale of equity and from borrowings from private lenders to cover its operating expenses and restructuring its convertible notes payable into common stock."

The company will be doing a combination of the above whatever is in its best interests at that time to meet its objectives for the next year.

AGORACOM