It would be utterly unwise to invest any amount of money in this company, regardless of the 'promises' management members will make you. If this isn't proof of their inability to execute, I do not know what is. Do not enable them any more.
Taken from their 10Q today.
NOTE 6. SHORT TERM LOAN PAYABLE
On July 20, 2017, the Company borrowed $28,000 from an investor and agreed to pay back in $35,000 on August 31, 2017. The Company did not pay this short-term loan yet and the loan is in default.
NOTE 7. COMMON STOCK ISSUANCES
Issuances in 2017
On March 1, 2017, the Company issued 25,000 shares of its common stock to its law firm for services rendered. The $15,000 estimated fair value of the 25,000 shares of Company common stock was charged to “Professional fees” in the statement of operations for the three months ended March 31, 2017.
On March 7, 2017, the Company issued 250,000 shares of its common stock to Jonas LaForge in connection with contemplated transactions with Green – Era Consulting and Med – Care Advisors. The conditions for closing were not completed and the Company has requested Mr. LaForge return the 250,000 shares for cancellation. The $150,000 estimated fair value of the 250,000 shares of Company common stock was charged to “Stock-based costs related to terminated acquisitions” in the statement of operations for the three months ended March 31, 2017.
On May 23, 2017, the Company sold 83,334 shares of its common stock at a price of $0.60 per share to an investor in a private placement. The $50,000 proceeds were used to pay Company liabilities and expenses.
On June 27, 2017, the Company issued 105,000 shares of its common stock to Arthur Porcari for consulting services. The $63,000 estimated fair value of the 105,000 shares of Company common stock was charged to “Consulting fees” in the statement of operations for the three months ended June 30, 2017.
On August 9, 2017, the Company issued 350,000 shares of its common stock to Rene Hamouth, Chairman of the Board of Directors of the Company from July 17, 2014, for services rendered. The $210,000 estimated fair value of the 350,000 shares of Company’s common stock was charged to “Officer stock-based compensation” in the statement of operations for the three months ended September 30, 2017.
