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Re: None

Friday, 09/11/2015 8:43:17 AM

Friday, September 11, 2015 8:43:17 AM

Post# of 65
This biotechnology company will not be able to carry out their operations with only $21,371 in cash for a total current assets of $556,593 including an inventory of $124,857 and an accounts receivable of $181,621. With a current liabilities of $13,221,360 for a current ratio of 0.04 this company is unfortunately insolvent. With a selling, general and administrative of $1,175,219, this company is not serious. Also note that the financial statements are in decline and that several important information is missing. Don’t be tempted by the 100% increase of the price at the last session, it happened with only $9,851 in 53 transactions! Only a manipulation!