Eastgate Biotech Corp. has no revenue, $6k in cash, $46k in current assets, $235k in total assets and $1,904m in current liabilities for a current ratio of 0,02 that make this one totally insolvent. Liabilities keep increasing on a YOY basis so indicate this company is poorly managed. Beware of the low float, it could be easy for the insiders to manipulate the price and make you believe it worth the trade. Note also that this one is thinly traded and it looks like some people have been front loading in the past week and are ready to unload worthless shares on you. Don’t be a bag holder.
