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Prospector
Profile
07.1183
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| Rotoblock Corporation |
NAICS |
336312 |
| 300 B Street
Santa Rosa, CA 95401 |
Description |
Engine Mfg. |
| (707) 578-5220 |
Employees |
3 |
| http://www.rotoblock.com/ |
Revenue |
(mil) |
0.0000 |
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Income |
(mil) |
-4.0450 |
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Assets |
(mil) |
0.2600 |
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Liability |
(mil) |
0.0550 |
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(for the year ended 2007-04-30) |
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Category:
Audit Concerns
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Event:
James Stafford expressed doubts on the ability of Rotoblock Corp. to continue as a going concern after auditing its financial statements. During the fiscal years ended April 30, 2007 and 2006, the Company suffered net losses of $863,582 and $2,767,259, respectively. At April 30, 2007 and 2006, stockholders' equity was $205,266 and $338,077, respectively. The Company currently has only $1,482 in cash in the bank and no other source of capital has been identified or sought.
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Intellectual Property:
On March 30, 2004, the Company acquired Rotoblock, Inc., a privately-held Canadian corporation, which holds an option entitling it to acquire all of the rights, title and interest in and to five patents covering the Oscillating Piston Engine technology. [SEC Filing 10-KSB 07-31-07]
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Description:
The Company engages in the development and licensing of oscillating piston engine.
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Officers:
Matthias Heinze (Pres., CEO & Dir.); Thomas M. Howard (CFO & Dir.); Tony R. Collins (VP); Mariya Petrovska (Sec. & Dir.); Ching Chen Chan (Dir.); Steven Schneider (Dir.)
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Auditor:
James Stafford
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Securities:
Common Stock-Symbol ROTB.OB; OTC BB;
30,440,886 common shares outstanding as of April 30, 2007.
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