InvestorsHub Logo

PWD

Followers 1
Posts 8
Boards Moderated 0
Alias Born 04/24/2013

PWD

Re: LONEMAN post# 6

Tuesday, 10/06/2015 1:00:32 PM

Tuesday, October 06, 2015 1:00:32 PM

Post# of 32
Just did some DD

1. The entire company is controlled by one man Donald E Latson, who has about 65% of the vote largely through 100 preferred shares that are designated to hold 51% of all voting rights of all securities. He also seems to hold substantially all board positions
2. There is no issued patent on the technology they are using
3. They have no revenue and are $2m in the hole (investor deficit)

They have a possibkly credible story but getting traction will be hard. I suggest you try to use their system to send a relative $10 and see if it works
Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.