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Maybe Mr. Dilk is not such a bad person but the whole company is in a deep trouble right now. It was delisted from the OTCBB and is now trading on the Pink Sheets.
If the company keeps working in the same manner, soon it will not have enough assets (or better to say, no assets at all) to pay all their debts. Just take a look at the total assets and their declining range:
Total Current Assets:
1-Jan-08 $7,401,000
1-Apr-08 $5,465,000
1-Jul-08 $3,413,000
30-Sep-08 $1,504,000
The current assets declined from $7,401,000 up to $1,504,000, that's a loss of $5,897,000.
If this range continues, the results from the January 1, 2009 will be negative.
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