Resonate Blends Inc (KOAN)

[mdimport]

Consider that speculators are exiting $TXHD because they read the 3Q2018 report and see how ridiculously overvalued the current market cap is.

In 3Q2018 $TXHD found itself burdened with 35% higher cost of revenues. Even with 44% lower operating expenses, $TXHD managed to generate a loss of $174,488.

Even if one removes the Impairment of Inhouse Software line item ($85,092) as a one-time operating expense, $TXHD still generated a loss of $89,396.

Expenses can only be pared back so far before a company finds itself in deep trouble and is forced to turn the dilution machine on.



https://www.otcmarkets.com/filing/html?id=13070310&guid=3PIbUHcQEEXwAyh

$TXHD's Going Concern Statement clearly states it needs additional financing arrangements (dilution) AND the need to achieve and maintain profitable operations (failed in 3Q2018):

"... The company’s ability to continue as a going concern is contingent upon the successful completion of additional financing arrangements and its ability to achieve and maintain profitable operations. While the Company is expanding its best efforts to achieve the above plans, there is no assurance that any such activity will generate funds that will be available for operations. These conditions raise substantial doubt about the Company’s ability to continue as a going concern for a period of one year from the issuance of these financial statements. These consolidated financial statements do not include any adjustments that might arise from this uncertainty. ..."



https://www.otcmarkets.com/filing/html?id=13070310&guid=3PIbUHcQEEXwAyh

Anyone who wants to can Bid high and ignore the market.