I'm convinced now beyond any doubt that WB III was released into a so called pay 'open beta' not because it was 'ready' or needed 'load testing' but because it was all they had left up thier sleeve to try and retain customers.
"For the first three months of 2001, the Company has maintained approximately the same amount of cash as at December 31, 2000. This has been accomplished primarily by reducing expenses and carrying and increasing trade payables. The Company's cash flow, however, depends upon numerous factors beyond its control, including the rates and volume of Internet advertising and the pay-for-play gaming market, which have both declined in recent months. If our cash flows from Internet advertising and/or the pay-for-play gaming market continue to decrease, the Company's future liquidity will be adversely affected.
Furthermore, although the Company's cash flow has remained neutral so far this year, its liabilities have been steadily increasing. Consequently, although the Companycontinues to have cash and cash equivalents of approximately $0.4 million, its auditors have raised substantial doubt about the Company's ability to continue as a going concern. If the Company does not generate sufficient revenues, it may have to raise additional capital, which will result in substantial dilution to the Company's current shareholders. Moreover, as a result of its low stock price and the probable delisting of our common stock from The Nasdaq SmallCap Market(TM), the Company may not be able to
raise additional capital or may be able to raise capital only on materially adverse terms."
And that is the bottom line
I hope HTC is doing better.
-Westy
