Auscrete Corporation (ASCK)

[piker86]

They haven't even commenced any type of operations yet, no manufacturing facility is being constructed, they haven't even bought any land to put the facility on. The company formed in 2010 and they are still just trying to raise money.

From their 10K posted Monday for 2016

"The company's operations were restricted to fund-raising and compliance whereas the company paid for finance agents to commence access to national and international investment funds which had not produced results prior to the completion of the 2016 financial year. All other expenses were attributed to the cost of the ongoing support of record upkeep and compliance of the company.

The intended operations of the company, being the manufacture of construction products for commercial and residential structures, has not commenced and cannot commence until the company has completed financing and built a manufacturing facility on the Industrial Estate."