Fair reply Tape. Let me give you a little advice having done this for many years, and usually I don't play with pennies, mostly for fun because a good friend is in to it and $20K isn't going to change my life. But I have learned to read financials and fundamentals as well as anyone I know including Mr. Cramer. Let me tell you what he would say about this company with less than a one minute glance at the P&L, balance sheet, IS and proposed sles deal with foreign countries... RUN! RUN! RUN!
Bottom line is people lie and mislead. Numbers don't. Most people are in the pennies as a form of gambling not wealth building. There are too many red flags on this one to remain optimistic and I did the play no differently than if I had placed a bet on the craps table. I took out my principal plus 10% out at $.03 and let the rest ride. No risk. But I'm totally convinced this company cannot survive. Too much debt, too much overhead, no brand, no capitalization and a track record for tanking public entities after cashing out millions of shares at shareholder expense. Good luck to you but keep an eye on the numbers and try not to be distracted by the fluff and deals and revenue that cannot possibly be supported. You have 120M shares of zero basis stock out there and it's being unloaded. By whom, I don't know but it is. It's pure profit and it's the intention of the reverse merger. With more debt than can be handled, meager distribution, no branding and no resources human or financial, this company can go nowhere. Who knows, maybe you get a pop that allows you to get out with a nice profit but that's all it is. A game of gambling. The music is off and there are few chairs left. They'll start the music from time to time with announcements, PR, Money TV and uncheckable foreign contracts but in the end of the day the music will stop for good. Look for a chair. Take care.
