Are all red flags. The A/S most likely would stay 12B after a R/S.
They only had $5,231/Cash as of June 30th 2016. They only had revenue of $9,600 for 2016 as of June 30th 2016. Loss from operations for the same period was $3,284,323.
How do they get cash for operations then? Convertible notes. Just read the last filing and all the dilution that has occurred. All the preferred shares and convertible notes is why the A/S is 12B.
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