Thursday, November 20, 2014 1:29:24 PM
Lets see what's stinking this joint up:
1) CFO suddenly resigns! Always a sign of great things, right?
2)Current assets of $693 in cash! Yea, it's a monster company alright!!
3) 3 BILLION authorized shares!
4)ZERO revenues this quarter!
5)Share based compensation for services of $940,500 to generate those ZERO revs!
6)Value of stock issued for services: $6,507,800
7)Loss on issuance of stock-based compensation: $8,910,300
8) Sweetheart deals that convert into stock at "a fixed conversion price of $0.0002 per share"
9) They reversed this POS 1 for 1,000 in May, and it's already plummeted back to near zero!
There's a LOT more, people should check it out! Amazing what you can learn!
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10306818
Here's what stinks the most though:
Yeeeowzas! No wonder you can smell this POS!
Jordan Belfort in "Wolf of Wall Street": "Rich people don't buy penny stocks. They're too smart."
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