Coro Global Inc (CGLO)

[OriginalFred]

179 million shares x $3.40 = $609 million market cap. Company had a loss of $817k on revenue of $6k last quarter.

I saw this being pumped in "Bob Carlson's Retirement Watch". This stock looks like grossly over valued money losing garbage to me. Their strategy is pretty much a pipe dream. They have no evidence that their system can penetrate the market.

What they claim to be doing is setting up a medical database. There is nothing special about that concept. It is probably much better suited to a large computer company like Oracle or IBM. Why would anyone trust some OTC BB company with their medical records? This company has only had its name since November 2005.