Nelly Shishkova

Todays Alternative Energy Corporation (OTC:TAEC) Keeps Climbing Up

by Nelly Shishkova October 19, 2011

TAEC_logo.pngThe company's latest 10-Q shows much higher amount of liabilities than current assets, accompanied by an impressive net loss and huge stockholders' deficit. Also, there is a poor amount of cash and enormous accumulated deficit that TAEC is not able to cover.

As the company is not generating any revenues, its existence has been placed under a going concern and is now highly dependent upon additional financing.

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