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.
FEATURED Cannabix Technologies Launches New Compact Breath Logix Workplace Series and Prepares for Delivery to South Africa • May 7, 2024 8:51 AM
Moon Equity Holdings, Corp. Announces Acquisition of Wikolo, Inc. • MONI • May 7, 2024 9:48 AM
NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • NNVC • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM