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Some Red Flags:

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Special Situations   Friday, 03/29/19 02:02:41 PM
Re: None
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Some Red Flags:


1). 43 800 000 O/S - is it a guaranteed REVERSE SPLIT once they do find a reverse merger!


2). Caveat Emptor Status: 08/05/2016 - 04/10/2018


3). "THE COMPANY MAY BE SUBJECT TO INTEREST AND PENALTIES FOR FAILURE TO FILE FEDERAL AND CALIFORNIA INCOME TAX RETURNS.

The Company filed Forms 5471 and 5472 with the Internal Revenue Service (the “IRS”) late. The IRS could impose aggregate penalties of approximately $330,000 for such late filings. As of December 31, 2018 and the date of the Company’s financial statements, the Company has not received any correspondence from the IRS in respect of such penalties. The imposition of such penalties would have a material adverse effect upon the Company’s financial condition." [Last 10-K].





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