The net loss for the last quarter ended June 30, 2007 had decreased by 52% to $-22 thousand. Still the company had no revenues from it operating activities. For the same period ended the stockholders equity has decreased by 314% to -$29 thousand.
For the second quarter ended the company had $526 thousand in cash. These funds were raised by execution of promissory note. The funds seem to be sufficient to sustain the company for at least a year even with increasing expenditures. However it might not be enough to sustain property exploitation if no revenues are gained from it.
Considering current situation our model shows fluctuating stock price. The situation will most definitely change if the company will be able to start property exploitation.










