Golden Phoenix Minerals, Inc. reported a 330% increase in its
working capital deficit, from US$1.03 million at Dec. 31, 2007 to
US$4.44 million at Dec. 31, 2008.
provides timely updates on public companies reporting a working capital deficit to the U.S. Securities and Exchange Commission. Companies with minimum total assets of USD $5 million are covered. Liquidity Alert highlights significant events affecting liquidity, cash flows, estimated capital expenditures, and capital raising efforts.