Friday, November 30, 2018 11:57:50 AM
The red flags you missed:
-The company isn't making any significant sales. ($1300 last Q)
-The company's debt is growing. ($500,000 of convertible debt).
-$190,000 operating loss last Q.
-The company is deep into its death spiral. As the share price tanks, more shares have to be issued to pay off conversion, and the glut of new dilutive shares being dumped on the market causes the price to tank again.
-The company CEO lies a lot. His forward-looking statements always turn up to be straight lies.
A few of the most recent lies:
-The company claim to be a manufacturer. It isn't.
-The company repeated announcement that it was "in the process" of hiring "200" reps.
-The company claim that it has $9,0000,000 in supply contracts.
-The company claim that it missed it $1.5M Q2 sales target (by $1.5M) because of the California forest fires.
The most recent dubious claim that the company is that it will sell both pot-laced dog food, and meddle in cryptocurreny.
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