negitivity, page-3

G'day all,
I would have thought that if the proceeds were for a new line then this statement in the prospectus wouldn't be necessary? I'm still hoping & praying for a miracle! Good luck everyone.
"Management will have broad discretion as to the use of the proceeds from this offering, and we may not use the proceeds effectively.
Because we have not designated the amount of net proceeds from this offering to be used for any particular purpose, our management will have broad discretion as to the application of the net proceeds from this offering and could use them for purposes other than those contemplated at the time of the offering. Our management may use the net proceeds for corporate purposes that may not improve our financial condition or market value."