Tiger Reef Inc (TGRR)

[MikeyInTheD]

The hurricane was used as an excuse by a failing company. They had no operations, revenue, construction-in-process or real assets prior to the hurricane. They did issue a press release that they lost some computers and office furniture in the hurricanes. I don’t think a successful company would allow the loss of a few thousand dollars of equipment to drive the share price down 99.89% without developing a plan to rebuild. Why did management not have a full replacement insurance policy in place? Just more evidence that management never intended on operating this company long term.

Even if the hurricane did cause major setbacks - how is the company going to overcome them with no assets?