5.Mai....Composite Technology Corporation (CTC) (OTC Bulletin Board: CPTC), a leading developer of high-performance composite core cables for electric transmission and distribution lines, today announced that it plans to reorganize under Chapter 11 of the U.S. Bankruptcy Code. The filing, made voluntarily today in the U.S. Bankruptcy Court for the Central District of California
NET LOSS (4,439,709) (3,374,667)
WEIGHT-AVERAGE COMMON SHARES
OUTSTANDING 114,227,327 102,155,003
During the second quarter of fiscal 2005, the Company issued 150,000 Common Shares valued at $2.77 per share and registered under the Company's Form S-8 to one consultant in payment of services related to intellectual property rights.
During the six month period ending March 31, 2005 the Company issued a total of 257,352 shares of Common Stock pursuant to cashless warrant exercises and 2,822,742 shares of Common Stock pursuant to warrant exercises at prices between $0.25 and $2.04 per warrant for total cash proceeds of $1,448,621
During the six month period ending March 31, 2005, the Company issued a total of 480,000 shares of Common Stock pursuant to option exercises for cash at prices between $0.25 and $1.75 per share for total cash proceeds of $195,000
During the first quarter of fiscal 2005, the Company approved for issuance 82,417 Series U warrants In addition, during the first quarter of fiscal 2005, the Company issued 1,083,592 warrants
Warrants OUTSTANDING, March 31, 2005 11,211,616 $ 1.47
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EXERCISABLE, March 31, 2005 11,211,616 $ 1.47
INTEREST EXPENSE Interest expense increased from $147 in the second fiscal quarter of 2004 to $783,570 in the second fiscal quarter of 2005. For the six months ended March 31, interest expense increased from $147 in 2004 to $1,534,789 in 2005
Our net loss increased to $4.4 million and $10.1 million for the three and six months ended March 31, 2005 compared to $1.8 million and $5.2 during the corresponding periods in 2004
Haben Plan zur 100% Tilgung der Schulden eingereicht bei steigenden Verlusten,natürlich werden sie Kapitalerhöhung machen oder neue Warrants ausgeben und Calibra pumpt schon wieder !
www.taylorstock.com/page7.html Warnung Todesspirale!