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Re: andyshow post# 14234

Tuesday, 03/17/2015 6:29:34 PM

Tuesday, March 17, 2015 6:29:34 PM

Post# of 106837
LOL quote, "I don't get what you're trying to say... But EVERYTHING LOOKS GOOD TO ME. REVENUES UP, DEBT DOWN, BUSINESS GROWING."

Too funny.

Real situation from reading the 10-K versus the one liners of a carefully "crafted" and selectively worded (IMO) "PR"- for example claiming cash use was greatly reduced but FAILING to say they hacked the R&D spending by over $500K. DUH, they used less cash, no kidding- but what actual "business" did they do or even conduct? They sure ain't running any clinical trials which is the "supposed" business they claim to be in.

Reality:

LOSS FROM OPERATIONS biggest since as far back as 2010. "revenues up"?? So what? What difference did that make? None. Top line "revenues" make no difference when one's EXPENSES grow even faster- as in doubling in a one yr period, despite R&D being hacked to near nothing and employee head count being cut, etc. "revenues" don't make a business successful or not- not when it loses money on those revenues.

ONE TIME debt reduction via a debt being forgiven (discharged) by an old creditor- not because you generated any cash as a business to be able to actually pay down debts. Just since the last qtr the current liabilities is already back on the rise again- gaining $775K in just the last 3 months. They won't get that one-time debt reduction gain again. It's a one freebie- won't be repeated again.

MASSIVE share dilution- as in staggering amounts, as in more than doubling your outstanding shares and the resulting share price crushing effect playing out in real time right now as the stock goes well into SUB ONE CENT territory and is at a 52 week low despite all the imaginary "good news" spin doctoring. Stock touched within a micro cent of the all, all, all time low very recently

A continual, un-ending use of toxic, convertible debt financing (3 more toxic, convertible debt deals just in Jan/Feb 2015 alone for survival cash)- right up until just one month ago in February and also now tapping the dilutive Magna "credit line"- pouring out more shares like water into the magic price crushing dilution machine. There's gonna be so many 10's of millions, if not 100 million or more shares hitting the sell-side of the free trading market in the next 6 months or so, I don't see how this will ever come up for a breather. The buying demand would now have to be astronomical to off-set the dilution houses who IMO, for all intents and purposes now have 100% control over the common stock share price

Ending the fiscal year CASH BROKE like always- with a whopping $36K total cash left on-hand for a company now reduced to THREE total "employees" per their own 10-K filing, a head count reduction of 1 full time and 1 part time compared to just the last 10-Q filing, but supposedly going to "conduct" all this supposed business and sales and blah, blah, blah same old variations on the 5 plus yr old "story" IMO.

Facing a $2 million plus lawsuit for alleged failure to pay back a creditor- who's original debt principal of $1.5 MILLION is sitting right on the duly filed 10-K, right where the lawsuit alleges it to be. "subordinated debt, related party" of $1.5 million. Legal costs stated in 10-K as being part of the reason their "general/admin" expenses exploded up so high- in addition to "salaries" of course.

Yeah, heck- what could possibly be wrong here? $36K total cash left to their name and THREE total people left, LOL !! The market's just all over it? Look at all the buyers just rushing to get in on it at SUB ONE CENT? CLOSED RED today- despite the old "PR" and the 10-K and all the rest? SUB ONE CENT, wow? Looking fantastic. Right on. 52 week low and just lingering off the all, all time lows. Just rocking n rolling- sure. Looking great.