PharmaRoth Labs, Inc. (ROTH)

[Jayyy]

Good luck marks. 3 years and no sales! From filing: the Company entered into an exclusive Distribution and Licensing Agreement (the “License”) for the exclusive sale and distribution of the Company’s Sucanon in the United States and Canada. Under the License the money owed under the note was converted to a deposit on the purchase of Sucanon product in the future.
The License also calls for certain minimum purchases for the first two years of the license at a specified price. TO DATE, NO PURCHASES HAVE BEEN MADE and the licensee is in violation of the covenants of the license