Share Structure Market Value1.............$773,348 a/o Sep 14, 2015 Authorized Shares...10,000,000,000 a/o Sep 10, 2015 Outstanding Shares...2,577,828,333 a/o Sep 10, 2015 -Restricted Not Available -Unrestricted Not Available Held at DTC Not Available Float................1,227,828,333 a/o Sep 10, 2015 Par Value 0.001
Quarterly report: •cash: $11 thousand •current assets: $116 thousand •current liabilities: $4 million •NO revenues since inception •quarterly net loss: $909 thousand
During the nine months ended March 31, CTLE converted about $302 thousand worth of notes into 38 million shares which means that five months ago, the O/S count stood at around 250 million while the amount owed under various convertible notes hovered just over the $1 million mark.
We're still waiting for the annual report for the period ended June 30 which means that we don't know how much convertible debt is still outstanding.
What we do know is that last week, the number of issued and outstanding shares stood at nearly 950 million.
All in all, there's no shortage of problems. Why, then, did investors jump in and push the ticker up during the last two sessions?
Because some people appear to be convinced that CTLE is about to drop some major news which apparently involves Wal-Mart Stores, Inc. (NYSE:WMT).
Quite what it's going to be is anyone's guess at the moment, but it should be noted that the tweets and messages touting the “upcoming news” in themselves constitute a rather big red flag.
Investing in rumor-propelled penny stocks is risky. Investing in rumor-propelled penny stocks that have as many problems as CTLE does is riskier still.
$0.0003 10,000 OTO 13:06:15 $0.0003 7,750,000 OTO 13:06:14 $0.0003 50,000 OTO 13:00:22 $0.0002 500,000 OTO 12:59:26 $0.0003 10,000 OTO 12:45:18 $0.0002 500,000 OTO 12:35:45 $0.0002 1,000,000 OTO 12:35:45
$0.0003 2,000,000 OTO 11:31:30 $0.0003 500,000 OTO 11:10:52 $0.0003 9,500,000 OTO 11:09:54 $0.0003 38,821 OTO 11:09:49 $0.0004 500,000 OTO 11:06:37 $0.0004 500,000 OTO 11:05:45 $0.0003 750,000 OTO 11:01:47 $0.0003 10,000 OTO 11:01:44
$0.0004 500,000 OTO 10:52:22 $0.0003 2,800,000 OTO 10:49:10 $0.0003 2,001,246 OTO 10:49:05 $0.0003 67 OTO 10:48:51 $0.0003 7,650,000 OTO 10:48:50 $0.0003 200,700 OTO 10:48:50 $0.0003 250,000 OTO 10:47:56 $0.0004 10,000 OTO 10:47:48 $0.0003 350,000 OTO 10:45:48
$0.0004 140,000 OTO 09:44:59 $0.0004 140,000 OTO 09:44:59 $0.0004 128,580 OTO 09:39:03 $0.0004 371,420 OTO 09:39:03 $0.0004 10,000 OTO 09:34:29 $0.0003 49,233 OTO 09:32:27 $0.0003 2,610,000 OTO 09:30:37 $0.0003 3,540,000 OTO 09:30:30 $0.0003 3,850,000 OTO 09:30:25 $0.0003 30,000 OTO 09:30:09 $0.0003 40,000 OTO 09:30:05 $0.0002 50,000 OTO 09:30:05 $0.0003 100,000 OTO 09:30:02 $0.0003 100,000 OTO 09:30:02