InvestorsHub Logo
Followers 9
Posts 204
Boards Moderated 0
Alias Born 07/30/2012

Re: piranha_trader post# 8524

Wednesday, 05/21/2014 5:59:39 PM

Wednesday, May 21, 2014 5:59:39 PM

Post# of 32302
What current operations? They are just continuing to lose money.

Quotes from the 10-Q.
"Net Loss. For the three months ended March 31, 2014, net loss was $29,805,364."

WOW great company you guys are investing in.

"As of March 31, 2014, we had cash of $598,953 and working capital of $212,161" puny...


Here's the worst one
"Since we have no liquidity and have suffered losses, we depend to a great degree on the ability to attract external financing in order to conduct our business activities and expand our operations. These factors raise substantial doubt about the Company's ability to continue as a going concern. If we are unable to raise additional capital from conventional sources, including increases in related party and non-related party loans and/or additional sales of stock, we may be forced to curtail or cease our operations."

They might go out of business soon! Read the SEC filings, all the info is there for you to see.

"long-term warrant liability of $29,430,022 as of March 31, 2014 based on 4,407,200 shares" those are the shares they are dumping and diluting into the open market! Which is why it's gone straight down the last month...and plenty more to go down. Wouldn't be surprised to see 1.75 tomorrow.

Don't chase and be realistic. Don't shoot for the moon, take your profits when you have them. Nothing wrong with taking small profits and seeing it go up huge, it just as well could have tanked right after you sold.

Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.