Cuentas Inc (CUEN)

[floridagrl25]

NXGH ~ Steady fall from .40 to .03. That says it all! Arik = Robert Rico = never ending toxic debt = massive dilution to shareholders.

Net loss from operations for the six months ended June 30, 2016, was $3,749,464 compared to a loss of $279,546 for the six months ended June 30, 2015.

The Company has a minimum cash balance available for payment of ongoing operating expense, has experienced losses from operations since inception, and it does not have a source of revenue sufficient to cover its operating costs. Its continued existence is dependent upon its ability to continue to execute its operating plan and to obtain additional debt or equity financing. There can be no assurance the necessary debt or equity financing will be available, or will be available on terms acceptable to the Company.

The Company may not have sufficient resources to fully develop any new products or expand our inventory levels unless it is able to raise additional financing. The Company can make no assurances these required funds will be available on favorable terms, if at all. If additional capital is raised through the sale of equity or convertible debt securities, the issuance of such securities would result in dilution to our existing stockholders. Additionally, these conditions may increase costs to raise capital and/or result in further dilution. The failure to raise capital when needed, will adversely affect our business, financial condition and results of operations, and could force the Company to reduce or cease operations.

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11556341

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11468928