International Fight League, Inc. (IFLI.OB)

DiscoJohn (99.90) Submitted: 3/15/07 3:48 AM : Start Price: $10.00 IFLI.OB Score: 61.35

If Fight League takes off, I promise you all: I'm moving out of this country.

Allow me to quote the last paragraph of their own SEC filings:

The Company has incurred losses since inception, has working capital and stockholders' deficits and has limited cash to fund its operations. The Company is presently relying on borrowings from its principal stockholder to fund continuing operations. The stockholder has made no commitment to continue to make loans to the Company. No assurance can be given that the Company will be able to complete a business combination, including the IFL acquisition, or that such financing from its principal stockholder will continue to be available to the Company. If the Company is unable to generate significant revenue from acquired operations, obtain financing from its principal stockholder or secure sufficient financing for operations resulting from acquisition or merger, the Company will experience a cash shortage, the effect of which could result in the discontinuance of operations.
These circumstances raise substantial doubt about the Company's ability to continue as a going concern.

I can't say it better. I really can't.

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