I hate to be the bearer of bad news but, given current market condition and the cash position of the company, I don't think there will be much good news in the future.

I have a feeling that the delays on everything, and the lack of news since July reflect the bad conditions. If you look at the balance sheet, the company is over its head in debt, and most of this debt is/was due around october. This is the main reason the company was looking for 3 million of financing. They've only got 271,000$ which barely pays for half of one of their debentures.

Furthermore, given the market condition finding that kind of cash for such a risky company is going to be extremely difficult, especially at 10 cents when the company is trading at 4-5.

You may not believe me, and if not, please go see the company's balance sheet. They are out of cash and out of options at this point and no matter how good or bad of a product they have, it will go nowhere if they cannot finance it.

And finally, where has the company been since July? They've practically disapeared from the face of the earth. Which indicates that no good news is coming, or wose, bad news is being hidden. That may also be why their auditor resigned? That is pure speculation but still not a good sign.

Anyway, please discuss I don't mean to be overly dramatic and hopefully I can be proven wrong but that is my view so far.