die Anzahl der Aktien fehlt irgendwie,sehr ungewöhnlich,wenn sich der Verlust um 50% erhöht hat und pro Aktie verringert hat,hat sich die Anzahl der Aktien beträchtlich erhöht,auusserdem zahlen sie damit Kredite und Gehälter ,Options und warrants werden umgewandelt.......die Hoffnung ruht nun auf US Mills und weiteren Krediten oder notwendigen Kapitalerhöhungen und nur US Mills gibt Phantasie
We had net losses of $14.9 million for the year ended December 31, 2005. At December 31, 2005, we had an accumulated deficit of $20.4 million and a working capital deficit of $11.4 million. These factors raise substantial doubt as to our ability to continue as a going concern should we not be able to execute our acquisition plan... Net sales in 2005 were $2,185,790 and $2,226,800 for the year ended 2004. Net sales for 2005 include sales recorded for US Mills from November 10, 2005, the date of the merger. Had US Mills been part of Sunset for the entire period of 2005, net sales would have been $15,861,932. ... As of December 31, 2005, we had on a total current assets of $2,562,033 and total current liabilities of $14,011,404, resulting in a working capital deficit of $11,449,371. We incurred significant losses and negative cash flows from operations for 2005; however, we have been successful in obtaining cash resources through private placements and settling certain payables through the issuance of common stock, in addition, to the positive cash flow provided by the US Mills acquisition. .
On November 10, 2005, Sunset Brands, as guarantor, entered into a Revolving Credit, Term Loan, and Security Agreement (the "Credit Agreement") with Capital Source Finance LLC, a Delaware limited liability company, as lender, and US Mills, the Company's wholly-owned subsidiary, as borrower.the Lender agreed to make available to US Mills a revolving credit facility in the maximum principal amount of $3,000,000 and a term loan in the maximum principal amount of $3,500,000. The collateral for the payment of all amounts due under the Credit Agreement consists of substantially all of the assets of US Mills.... In order to satisfy our cash requirements for the next twelve months and to implement our acquisition strategy, we will have to raise additional funds. Accordingly, we have targeted several profitable acquisition candidates in the “better for you” food and nutritional category and intend to raise additional funds through equity and debt financings to complete these transactions.
zu 53 % gehört SSBN IBF Liquidating Fund LLC ! wenn die Aktien verkaufen....
http://eol.edgar-online.com/edgar_conv_html/2006/...S_TOP_OF_DOCUMENT
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