I think IH rules discourage posters attacking each other and suggest keeping comments directed at the company. So let me do that.
No one can do any real DD on this company because they have not published their financials in years. What they have done is release a number of PR's CLAIMING that they had hired an auditor and that financials would be produced. Like all of their other PR's that was an out and out lie.
When they did last put out numbers what we saw was no sales, massive dilution of shares. Due diligence would suggest nothing has changed on that front.
The company CLAIMS to have a deal with Eagle roofing. They CLAIMED to have a deal with Boral. There were lots of PR's lots of splash then they went silent, nothing said, nothing happened. Then the company claims they have a deal with Eagle. I listened to Stu's online meeting with a group of investors. It was classic Stu. Lots of talk of potential, big results very soon, company had turned the corner. Then they go silent. Everyone that bought in last Summer on the Eagle press releases dumped by December for tax loss. Eagle is turning out just like Boral. There are no big sales in the UK like was pumped. NO Big production numbers with "paradigm shifting" technology. To say we just need to wait longer is just what those who promote this stock said about Boral. Wait three years for an empty bucket.
We get a press release that they Finally got a big order. Great, PR says $94K (retail value). That does not tell us whether or not they even turned a profit on the order. How much did they have to discount the product? Maybe they offered to pay the freight. We really don't know. However, "Due Diligence" tells us that over the last several years what they have Never managed to do is get a big repeat order with a large customer. Hmm, what can we conclude?
Has Stu taken a salary? We don't know. Again, no financials. Has Stu been living off his good looks this past 8 years? Don't bet on it.
Stu's lying press releases can't even pump the stock price any more. I wonder how many BILLIONS of shares are outstanding by now. We can't know.....you guessed it. No financials.
Due diligence on this company says it is a penny stock POS with no management, no sales growth, no concise marketing plan, and no future.
Those are the irrefutable facts. Until Stu produces audited financials to the contrary (which I'm sure he won't), those remain the facts.
AI
