Ann: Withdrawal of Prospectuses, page-4

thats one way to look at it.

Another way is these guys have about $10k in the bank account, needed to borrow $500k from directors to keep the doors open.

Have a monthly cash burn of X, and are now probably overdue on bills, rent etc.

Trying and hoping with all their might to make it to mid March, praying for an approval that generates some interest to be able to raise above 40c.

The alternative - and my prediction this will happen again -- the directors and larger shareholders have too much in this to let it go bankrupt, but will need to stump up more cash into the kitty as these guys delay.

Make no mistake this is a terrible situation to be in and the only thing retail shareholders have going for them, is large holders and directors have too much at stake to let the 'company' run out of cash, which it essentially has.