Cuentas Inc (CUEN)

[Arthur]

That's what strange with NXGH. They claim to be high-flyers in telcos and banking, but they purchased an extremely dirty shell, and they cannot even pay the smallish debts left by former PLKD.

And, according to their own filings, they intend to finance themselves by borrowing against their equity. Convertible debentures all the way down.

The Company has a minimum cash balance available for payment of ongoing operating expense, has experienced losses from operations since inception, and it does not have a source of revenue sufficient to cover its operating costs. Its continued existence is dependent upon its ability to continue to execute its operating plan and to obtain additional debt or equity financing[color=red][/color].

Also, they seem to be acquiring other companies left and right, but they don't seem to be able to do anything with those.

Currently, about all the company's revenues come from an entity that was given to them for ... $10.