Vgl Posting 1233
http://yahoo.brand.edgar-online.com/...0001144204-06-026729&Type=HTML
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Financial Condition
We had net losses of $(2,223,302) and $(1,254,402) during the years ended March 31, 2006 and 2005, respectively. As of March 31, 2006, we had a cash balance of $1,001,903 and current liabilities of $1,307,483 with obligations of $511,729 to trade creditors, $629,236 in interest payable and $131,369 in miscellaneous current liabilities, as well as total long-term obligations in the principal amount of $3,246,335 to convertible debenture holders and $85,643 miscellaneous non-current liabilities. As described in Note 6 to the consolidated financial statements, during the fiscal year ended March 31, 2006, we entered into two financing transactions with the holders of the Company?s convertible debentures pursuant to which we sold an aggregate of $1,900,000 of convertible debentures. As described in Note 11 to the consolidated financial statements, on April 4, 2006, we entered into a financial services agreement with an unrelated third party to serve as placement agent for a private placement of up to $15,000,000 of common stock. However, there is no assurance that our efforts to conduct such a private placement will be successful, and we therefore may not presently have sufficient cash or other assets to meet our current liabilities and other cash requirements arising in the next twelve months. In order to meet those obligations, we will need to raise cash from the additional sale of securities or from borrowings. Our independent auditors have added an explanatory paragraph to their audit opinions issued in connection with the fiscal year 2006 and 2005 consolidated financial statements, which states that our ability to continue as a going concern depends upon our ability to resolve liquidity problems, principally by obtaining capital, increasing sales and generating sufficient revenues to become profitable. Our consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty.
Und hier die Quelle von den 520 Millionen shares outstanding:
http://www.pinksheets.com/quote/...006%255C08%255C31%255C&symbol=CKEI
As of August 14, 2006, there were 383,564,587 shares of the registrant's common stock, par value $.001 per share, issued and outstanding and 1,200 shares of the registrant?s series a preferred stock, par value $.001 per share, issued and outstanding.
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Common stock, $.001 par value, 500,000,000 shares authorized, 328,956,826and 239,956,826 shares issued and outstanding, respectively
As of August 14, 2006, we had 383,564,587 shares of common stock issued and outstanding, outstanding convertible debentures and shares of convertible preferred stock that may be converted into an estimated 573,629,337 shares of common stock at current market prices, and outstanding warrants to purchase up to 17,000,000 shares of common stock. In addition, the number of shares of common stock issuable upon conversion of the outstanding convertible debentures may increase if the market price of our stock declines. The sale of these shares may adversely affect the market price of our common stock.
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