NuGene International Inc (NUGN): So, what do you suppose they have done i...

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NuGene International Inc (NUGN)

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Re: None

Thursday, 03/31/2016 10:42:41 AM

Thursday, March 31, 2016 10:42:41 AM

So, what do you suppose they have done in 2016 (after the period of the report, through Dec 31, 2015)?

This tidbit is revealed in the report....

"Additionally, we were unsuccessful in several attempts to raise capital during 2015 and early 2016 and these failures have put our Company under significant financial strain. "

" If we are unable to obtain adequate funding, we may be unable to manage our existing outstanding debt, and may be required to significantly curtail or even discontinue our operations."

Somebody bought 125 shares this morning at $0.69. Must be a market maker needing to take a 0 off the board. Who in their right mind would invest at this point?

Chapter 11 here we come?

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Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/06/2024 08:48:48 PM
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