RAINBOW CORAL CORP. was formed to build a coral farm facility to develop and propagate (or grow) live coral, independent of the oceans, as a future farm reserve against the decline of natural wild reefs. I doubt that there is a great demand for this type of product. With $2,740 in cash and $4,524 in total current assets without any production facility and a total current liabilities of $517,798, this company is far from a safe investment. It is very important to note that the high volume of daily transaction comes probably from a scalping scheme taking into consideration the very small float which is probably entirely into the hands of insiders.
