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Vaffan-Coulo

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Vaffan-Coulo

Re: Phin post# 7290

Monday, 09/15/2014 2:51:48 PM

Monday, September 15, 2014 2:51:48 PM

Post# of 14303
"I am a bit concerned..."??? Note that I base my "bankrupt" assessment on the last 10-Q burn rate and cash at end of last quarter. Unfortunately, being flat broke has never been an impairment to most penny stocks existence. They are like so many "zombies" and continue to "stagger" on as brokers and speculators play games.

As far as DRIO, they had NO revenues last quarter. They had NO receivables. They had $600,000 in "ramp-up" costs. Even if it had a viable product -- which I seriously doubt -- what's the company supposed to do? Pay bills with stock?
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Volume:
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  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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