Our-Street did several pieces on CXN before they got sued into silence in a state court. The company only remains in existence because it continuously does private placements, and it is in several lawsuits filed by PP holders who claim that Halpern misrepresented the company's condition in the PP materials.
Ztrim has essentially zero sales, and the CEO just lied about a kick the tires contract Nestle had with them. Even after it was cancelled (revealed by the "bashers," not the company") they were continuing to tout the relationship.
The only material revenue comes from an internet based matress sales company that Halpern "bought" from his father some years ago, and 95% of that is simply pass through back to dad, cost of sales, and overhead.
This looks like a JAG "recapitalization" all over again, with the predictable errors that always result during these mass cert pulls. Any error will, of course, be touted as a delay due to the naked short. Meanwhile, Halpern's new and old PP holders will be the only people with any liquidity, which I suspect is what this is all about.
Tashkent Basher Drop-box.
