Trader who like low floater bought this up, but there is no reason for it.
*Management is also exploring opportunities to divest the Company’s subsidiary, Pulse Systems, LLC.
*These financings will likely be highly dilutive to existing shareholders.
*negative working capital of $10.8 million at both September 30, 2014 and December 31, 2013
*default on debt obligations[
It´s on page 25:
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10564875
Everything is here in question.
Stock traded last years sub penny level, there is a reason for it.
No one wanted to buy and nothing has changed.
There are still no filings, many officers resigned. He plans probably only to sell all these shares and then he will divest the subsidiary after it and only a dark shell will be left.
Market cap for this $2,1m.
There are stocks with the same risk which still file 8-k but they would never dilute at .0043 and the market cap for these stocks is $100-150k, because investors know troubled company and in the next moment there could be no business left.
This one is managed like a 1 man company with pos agreements, dilution at .0043.
This is the reality here unfortunately.
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