Thursday, December 14, 2017 6:59:19 PM
They are virtually insolvent now. The accounts payable and another one or two months of expenses are all they can cover with the remaining shares in the EPA. If the accounts payable includes past due rent then they may be forced into bankruptcy very soon.
Did you notice they showed ZERO revenue? The Fogo Island supposed "sale" wasn't until October so we don't know if that was actually a sale or not, but the raceway should have shown up if it was actually a sale. Looks like they gave it to him for a PR so they could sell more shares. What a sham.
They have been advertising units for sale since June and sold ZERO through August 31st! How dare they talk about backorders and all of this "demand". How do you explain they had units for sale and not a single person bought one last quarter?
If you still can't see through this then there is something wrong.
The $105K note holder must be scared. They can't pay him and his shares are only at 80% of the low. In order to sell them, he will drop the price. By the time he sells 20M - 50M shares as the price drops and the remaining 20M EPA shares sell and the 80M of Rule 144 shares becoming eligible soon.... You get it. At least 150M shares to sell besides the 270M already free-trading. There will be over 420M shares outstanding after this flurry. This ship is sinking fast.
Recent BFYW News
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 09/16/2024 06:35:13 PM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 09/10/2024 10:25:42 AM
- Form NT 10-K - Notification of inability to timely file Form 10-K 405, 10-K, 10-KSB 405, 10-KSB, 10-KT, or 10-KT405 • Edgar (US Regulatory) • 05/29/2024 08:04:18 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/10/2024 09:10:27 PM
FEATURED Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM
North Bay Resources Announces Mt. Vernon Gold Mine Bulk Sample, Sierra County, California • NBRI • Sep 11, 2024 9:15 AM
One World Products Issues Shareholder Update Letter • OWPC • Sep 11, 2024 7:27 AM
Kona Gold Beverage Inc. Reports $1.225 Million in Revenue and $133,000 Net Profit for the Quarter • KGKG • Sep 10, 2024 1:30 PM