The latest research, news, and more from GeoInvesting for Power Sports Factory (PSPF) /companies/pspf_power_sports_factory/overview en-us Sat, 25 May 2013 00:29:25 GMT Sat, 25 May 2013 00:29:25 GMT 120 5235Wed, 11 Jun 2008 04:00:00 GMTThe Company presently does <span style="font-weight:bold;">not have sufficient </span>liquid assets to finance its anticipated funding needs and obligations. The Company s continued existence is dependent upon its ability to obtain needed working capital through additional equity and/or debt financing and achieve a level of revenue and production adequate to support its cost structure. <br/><br/>The<span style="font-weight:bold;"> decrease</span> <span style="font-weight:bold;"><span style="font-weight:normal;">in sales for the three month period</span> <span style="font-weight:normal;">ended </span>March 31, 2008, was primarily due to</span> introduction of our new line of scooters under our recently negotiated rights to the Andretti brand and the lack of adequate inventory to meet the requirements of our dealers. For our increased inventory requirements and marketing efforts, as well as product development, we will require <span style="font-weight:bold;">substantial </span>additional financing.<br/><br/><span style="font-style:italic;">Source: SEC Form 10-Q (May 14, 2008)</span>/companies/pspf_power_sports_factory/research&item=5235