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Re: GreenBackClub post# 18861

Tuesday, 07/15/2014 9:13:08 PM

Tuesday, July 15, 2014 9:13:08 PM

Post# of 43683
Okay:

But I see things a bit more optimistically now.

1. New CEO (after acquiring Avani)
Pink Sheet stocks have new CEO's every day. Same action, same result, pump and dump. Secondly, what acquisition? Are you referring to the LOI as listed as a subsequent event dated April 1, 2014? LOI's are not acquisitions. In addition, there is not an 8K reported under Item 1.01 that it was executed as a definitive agreement, nor has it been reported under Item 2.01 on 8K with 9.01 financial statements as having been closed. Therefore, it remains in someone's mind.
2. New Company name based upon new company direction
Every Pink Sheet scam would be optimistic with the daily name changes.
3. Positive financials (actually positive revenues!)
What is positive? The $1.8 million shareholder deficit or the $8.2 million accumulated deficit? Or all of the above? No accounts receivables, cash flow from "discontinued operations"?/
4. New Joint Venture announcement
Great, what are the benefits? Any financial terms, conditions, contingencies?
5. New Investment Banking & Advisory Firm
What investment banking firm? Are they licensed by FINRA? or is this another company that improperly refers to themselves as "investment bankers"; however, they are really stock promoters?

Seems like these might be worth a mid-long term hold (6-12 months).

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