Tuesday, August 22, 2017 10:01:12 AM
From the 10-Q:
As for the administrative expenses, they did not tell us how much in each category, so I'm guessing that most of the expenditures are in the "payroll" column. Obviously, since the only employees are the owners and execs, payroll means pocketed money.
They spent nothing on actual lab work, which is why most of R&D is spent on doomed patent applications and phony "collaboration agreements". Obviously, they are paying Sheba and the rest just so they can put the OWCP brand name on the work.
99% of penny stocks are pump and dumps, yet 100% of penny stocks pretend to be in the 1%. Contracts, patents, mergers, partnerships, and other such news are usually "too good to be true" and should be looked at in detail. The source should also be vetted.
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