Tiger Reef Inc (TGRR)

[MikeyInTheD]

The stock has traded down over the past 6 months, 12 months and 24 months. It is down 99.98% since it began trading. Any run will be short-lived and be very random. I do not see anything in the charts pointing to a breakout from these levels. I think it closes the year in triple zeros.

I recently spoke to the company and found nothing positive in what they said is happening at the company. They are out of cash, have no assets, are in default on loans, are barred from issuing shares or borrowing money while loans are in default status per the loan agreement. They have no operations or revenues. The rum bottling never happened and they have no bottling facility or third-part agreement to ever bottle. The original BWBG site was acquired by a unrelated third-party and being redeveloped. The Mermaid agreement was revoked and they have been unable to find another partner to allow them to run a restaurant within a resort.

If they reach a debt agreement and issue a billion shares I could see the stock ticking up for a few days but the dilution will catch up to the stock.