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It has a pretty high market cap for a shell company. Who's keeping it afloat?
Probably quite a bit of revenue reversed from prior quarters for non payers
Totally agree. A fraudster from Thailand is responsible for the rumors likely because Joey wouldn't give him free shares!
What going concern statements? Only auditors make those statements and the Q is unaudited.
That probably means we should sell soon!
If the receivables are on the balance sheet already, there is no increase in revenue/decrease in expense. Just an increase in cash when collected. Basic accounting.
I love it. He probably started swearing like a truck driver??? I don't listen to or pay attention to him.
Joey owns 51% of voting stock; not common stock.
CEO Roadshow
This is the ELGL board - go post your PRED nonsense on the PRED board.
No - I'm just not stupid.
PRED isn't doing anything. They have no money.
Bigfoot was a previous company.
Yes until it comes back to life as a different business...whenever that happens.
Restricted stock in my account
It's the Putin put!!!
It is a negative growth company and, no, COVID is not an excuse for it. I wonder if the Russian will withdraw his companies from RAFA - as easily as he put them in. Just maybe, there is rally nothing to audit at this point.
It's the stock of someone's life; just like sub-penny PRED.
Received spinoff shares in my account today.
And it's the other stock of someone's life!!! ??
It could be lies, lies, lies. After all we are dealing with a Russian here that would never be prosecuted
This is like PRED. The company doesn't care about its shareholders. They are still doing the audit that lasts forever. One has to wonder the validity of the numbers published and reported to OTC markets.
Don't know why the 10k poor results are surprising people. We all knew it wasn't going to be pretty. The 10q in mid February will show better results from calendar Q4. The reason to buy is the 10q in mid May.
They are selling about the only real asset they have left. It's called a liquidation sale.
Christmas will come too. But no filing.
Prove me wrong. Hard to do without a filing.
This company is done and everyone should know that by now. They aren't filing a SEC report because they don't want to get caught lying about the financial condition of the company. I believe that they are insolvent but no creditor is going about the process of forcing them to file for BK because they know they won't get anything out of it. No sense throwing good money after bad.
Oh and Brad can't find the password to upload anything to Edgar anyway!!
From Stocktwits...
Another misleading tweet from $RAFA
It's Q3YTD and this year Q3 underperformed last year Q3:
$1.4M less revenue,
$1.6M less net income, and
$.02 less EPS. YTD is worse.
Ilya just put his zero growth companies into $RAFA
Can't keep blaming COVID. Its a pharma company after all. Adapt or die.
Otherwise, of course, this is the stock of my life - ugh! LOL.
The PE ratio for employment agencies is currently at 27. I wonder how this fits with Mmmm s business???? Any thoughts?
So when is the acquisition going to be completed???
Now RAFA will be using the COVID excuse for the next 5 years!!! After all, you can never finish an audit if you get covid in Russia!!!
By changing the name of the acquisition company, looks like ELGL will eventually file form 10 after the audit????
Definitely more bills than cash!!!
Thanks - nice summary
Absolutely!!! I'm hearing they will never file another report ever again because no one wants to sign it.
Hearing good things as well.
Okay thanks - I had to refresh the page to get it. Thanks for keeping track of the shares though. This company has a knack for diluting shares.
Can you point us to the source for this updated share info? https://www.otcmarkets.com/stock/MMMM/security doesn't show this yet. Thanks!
Likely wait for October before bfnh merger at this point.