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Re: Pugilista post# 72338

Monday, 05/16/2016 7:17:35 PM

Monday, May 16, 2016 7:17:35 PM

Post# of 100699
Interesting...nobody's mentioned the quarterly filing! It's gruesome. I understand why NOBODY'S talking about it on the "Official" site.

Continuing losses, continuing dilution, yet ANOTHER new class of preferred shares, and tidbits like this - buried away in notes:

During April 2016, the Company sold 25,000,000 at $.02 per share for proceeds of $500,000 to fund its operations

The stock trades around 6 cents. They sold equity at TWO cents.

Please explain how that's a GOOD sign?? If sales are so great.. why the massive losses? Why the need to sell shares 75% below market value? Why wouldn't anyone pay HIGHER if this is such a great company with a bright future?

LLOLLOLLOL.. I'll be back with a more detailed examination in a bit but - that fact says it all.

"Rich people don't buy penny stocks. They're too smart."
-Jordan Belfort, "Wolf of Wall Street"