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Looking for a $5 break !
About 5 billion lol
THERE IS SUBSTANTIAL DOUBT ABOUT THE COMPANY’S ABILITY TO CONTINUE AS A GOING CONCERN.
Our auditor’s report in our 2013 consolidated financial statements expresses an opinion that substantial doubt exists as to whether we can continue as an ongoing concern. Because obtaining investment capital in not certain, or that our officers and directors may be unable or unwilling to loan or advance any additional capital to the Company, we may not have the funds necessary to continue our operations. Currently, our liabilities are greater than our assets. Our ability to meet our operating needs depends in large part on our ability to secure third party financing. We cannot provide any assurances that we will be able to obtain financing. See “December 31, 2013 Audited Consolidated Financial Statements.”
WE HAVE SUSTAINED RECURRING LOSSES SINCE INCEPTION AND EXPECT TO INCUR ADDITIONAL LOSSES IN THE FORESEEABLE FUTURE.
Our main operating subsidiary was formed in November 2003 and has reported annual net losses since inception. For our fiscal years ended December 31, 2013 and 2012, we experienced losses of $5,749,513 and $2,280,676, respectively. As of December 31, 2013 we had an accumulated deficit of $18,812,108. In addition, we expect to incur additional losses in the foreseeable future, and there can be no assurance that we will ever achieve profitability. Our future viability, profitability and growth depend upon our ability to successfully operate, expand our operations and obtain additional capital. There can be no assurance that any of our efforts will prove successful or that we will not continue to incur operating losses in the future.
WE DO NOT HAVE SUBSTANTIAL CASH RESOURCES AND IF WE CANNOT RAISE ADDITIONAL FUNDS OR GENERATE MORE REVENUES, WE WILL NOT BE ABLE TO PAY OUR VENDORS AND WILL PROBABLY NOT BE ABLE TO CONTINUE AS A GOING CONCERN.
As of December 31, 2013 our available cash balance was $0. We will need to raise additional funds to pay outstanding vendor invoices and execute our business plan. We estimate that it will require an additional $3,500,000 to pay our outstanding vendor invoices and execute our business plan. Our future cash flows depend on our ability to enter into, and be paid under, contracts with merchants to provide our products to their customers. There can be no assurance that additional funds will be available when needed from any source or, if available, will be available on terms that are acceptable to us.
We may be required to pursue sources of additional capital through various means, including joint venture projects and debt or equity financings. Future financings through equity investments will be dilutive to existing stockholders. Also, the terms of securities we may issue in future capital transactions may be more favorable for our new investors. Newly issued securities may include preferences, superior voting rights, the issuance of warrants or other convertible securities, which will have additional dilutive effects. Further, we may incur substantial costs in pursuing future capital and/or financing, including investment banking fees, legal fees, accounting fees, printing and distribution expenses and other costs. We may also be required to recognize non-cash expenses in connection with certain securities we may issue, such as convertible notes and warrants, which will adversely impact our financial condition and results of operations.
Our ability to obtain needed financing may be impaired by such factors as the weakness of capital markets and the fact that we have not been profitable, which could impact the availability or cost of future financings. If the amount of capital we are able to raise from financing activities, together with our revenues from operations, is not sufficient to satisfy our capital needs, even to the extent that we reduce our operations accordingly, we may be required to cease operations.
Looks like the end of a pump and dump!
Next stop trips lol
How evil is the CEO is the question
Lol if there is no immediate r/s we could see 2 again after a couple billion more is dumped at 1
I'm not buying any until I am certain NO R/S!! I want to hear it out of Kay's mouth.. But judging from the last report that came out he has dumped about 10 billion of 13 billion and either has to stop, therefor a rise in pps, or an immediate R/S to do the same thing again next year IMO
I'm pretty sure a r/s will happen before any rise in price good luck though
Folks if you buy ones you probably won't be able to sell them at one.. Seeings how sellers are getting 800,000,000 at a time from Kay for $9,000... You can buy these same shares for $80,000 at .0001 if you like lol
Isent that what happened?
That is straight from the latest company report..
I didn't know they would waste time and money on a fake pr lol
Here's a pr: We are $25 million in debt. Thank you for your money to pay Kay $360k a year.
P.S. : We thought mr. Kay did such a great job leading us into such debt and have voted to give Kay a raise. As per the 10k lol
Thank you for your support,
Kay's glamorous lifestyle
StudentConnect Executes 5 Year Agreement With First School District in California... And then dumps 13 billion shares for $100,000
No risk? How about the company being 22 million dollars in debt lol
Kay sold 800,000,000 shares for what $9,000?
They sold them at .0001 a week later for $80,000 on the market.. Does anyone see a problem here?
Just trading fees
I really thought this was going to run.. I didn't think they would kill it before it started lol...
But .0001 to .0002 is 100% so imagine what .000005 to .0001 would be lol
Yes thank you Jesus
They still have a billion shares to dump before the r/s
Lol this has turned into the bloodiest bath I have seen here
Ask is building you mean bid is slipping
Vir2o sucks. Too many bugs and well it just plain sucks! I couldn't see anyone using it unless they are being paid too
With billions issued at .000005 they are making a killing selling at .0001
I was under the assumption that the company can't sell shares of par value stock below par value..
Anyone knows more about par value?
I'm beginning to think even if you get .0001s you won't be able to sell them lol
I love the chart here
Lol does losing your money scare you?
NOBODY BUY THIS! YOU WILL LOSE YOUR INVESTMENT!!
Good choice Buy and hold for a couple months at least lol
Just sold the rest of mine here.. Glad I was able to get out!
I will jump back in when and if it starts to move..
Moneys better in other pos trips at the moment..
Short short short !
Lol .. I thought for sure it was a reverse split.. Still could be!
I would be surprised to hear of a penny stock company, $20 million in the hole, performing a stock buy back .. Lol
Sold short at .48
Because we short the crap out of pump and dumps lol
See you at trip .0001 by the end of year
Weeeeee gotta love being short here hehe
Lol.. I'm not sure about that. April 25th is fast approaching.. Launching a new app to drive in revenue means PRs coming.. Means shares moving..
Sure is a good morning! Glad to be alive
Time to short me thinks
Reversal underway! Bounce from$4.30 short squeeze coming!
Lol.. I'm not worried about losing $10k pocket change