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Nice, new base forming at $1.00!
They just raised $13 million in the latest offering.
Why would they need to?
Looking good with news expected this week!
Key resistance points have broken
Could start to move if it breaks $1.00.
Looking close to breaking resistance.
Nope, going under .70 it appears
Worth a look if it drops below $1.00
It's getting hammered this morning too.
Just read the 10-Q...looks terrible.
RESULTS OF OPERATIONS
The Company has not yet generated any revenue from its operations. The Company incurred operating expenses of $1,905 compared to $2,029 for the three months ended December 31, 2012 and 2011, respectively. The Company incurred operating expenses of $144,123 compared to $27,800 for the nine months ended December 31, 2012 and 2011, respectively. The increase in expenses is mainly related to an impairment loss on investment in joint venture that the Company recorded in 2012, of $131,000.
The Company reported a net loss of $324,405 and $2,029 for the three months ended December 31, 2012 and 2011, respectively. The increase in net loss is attributed to the loss on extinguishment of debt of $322,500, that was recorded in the current quarter. The Company reported a net loss of $30,371,673 for the nine months ended December 31, 2012, as compared to a net loss of $27,800 for the nine months ended December 31, 2011. The increase in net loss is attributed to an impairment loss on investment in joint venture of $131,000 and the loss on extinguishment of debt of $30,227,550, that was recorded in 2012.
PLAN OF OPERATION
Our current cash holdings will not satisfy our liquidity requirements and we will require additional financing to pursue our planned business activities. We are in the process of seeking equity or debt financing to fund our operations over the next 12 months. Management cautions that financing may not be available to us on acceptable terms or at all, and thus we could fail to satisfy our future cash requirements.
If we are unsuccessful in raising the additional proceeds through equity financing we will then have to seek additional funds through debt financing, which would be very difficult for a new development stage company to secure. If the company cannot raise proceeds via a financing through its common stock or secure debt financing it would be required to cease business operations. As a result, investors in the company would lose all of their investment.
Management does not plan to hire additional employees at this time. Our President will be responsible for current operations. We will use third party consultants should we require assistance in any activities.
10,662,550,549 Float as of Feb 16, 2013!!
Here's the link right from otcmarkets.com:
http://www.otcmarkets.com/stock/VRNI/company-info
10+ Billion Float, paid promo can't move this turd. IMO.
Should have bought more at .90 today, wasn't watching it.
1.7Billion shares outstanding, float? Unknown!
Paid awareness is nearly always a means to sell shares to the public in the open market, so you should always assume if there is an awareness campaign then someone is selling shares of the company in question.
Looking for $1.50+ before i unload my shares.
Still waiting for that big quick pop before i sell.
That's because it is, all paid promoters.
So much for that pump&dump, already lost it's steam.
Small bidders, Huge sellers.....
Nice, Stockman69 compensated $2000 to pump JRRD.....
Pumped POS, 1.7+ Billion Shares outstanding!!
Authorized shares and Float? Unknown! LOL....
http://www.otcmarkets.com/stock/JRRD/company-info
Not a bad day, look forward to tomorrow.
SUNR sitting there selling shares, POS.
Big warning for this on Pumpsanddumps.com main page!
Just saying be careful and read their DD carefully!!
I think it's a safe bet at $1.25+ at this point.
talk about market overreaction...geez!
This is WAY too cheap, bought some!
Company's cash on hand? $130. Just another pump and dump here.
Wow, TERX has $44 cash on hand! LOL.....
123 Billion outstanding shares? LOL......
TWDL has $2,608 cash on hand...sad
Look at all the paid pumpers...dilution time?
BAGL announced a special $4.00 dividend per share!
BAGL $4.00 per share dividend, easy money! :)
Record date for big dividend next friday 17th!
HUGE NEWS!! Special $4.00 per share dividend announced today!
BAGL HUGE DIVIDEND PLAY for 2012!!
BAGL announces $4.00 special dividend today!!!
http://www.marketwatch.com/story/einstein-noah-restaurant-group-inc-completes-review-of-strategic-alternatives-2012-12-06?siteid=bigcharts&dist=bigcharts