Perhaps you may want to validate what I have been saying.
Have you read the latest 10Q report ending September 30, 2019?
Let me help you understand:
The Company has a working capital deficit, accumulated deficit and stockholder’s deficit of $2,236,622; $6,534,099 and $2,358,083 at September 30, 2019.
The Company had a net loss of $580,634 for the nine months ended September 30, 2019.
In addition, the Company is in default of six of its notes payable and has no revenue stream. These matters raise substantial doubt about the Company’s ability to continue as a going concern for a period of twelve months from the issuance of this report.
The Company is expected to have ongoing expenses as a result of being a publicly held company and marketing for contracts to sell new vessels, however the Company does not intend to build any new vessels without firm contracts for sale which include reasonable deposits and progress payments to completion.
The ability of the Company to continue as a going concern is dependent upon increasing operations, developing sales and obtaining additional capital and financing.
The Company is seeking to raise sufficient equity capital to enable it to build the second new style luxury floating vessels. The Company is seeking to raise sufficient equity capital to enable it to pay off its existing debt. The Luxuria I was sold on April 24, 2019. The financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.
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There is NOTHING but debt here and a CEO that rapes shareholders by dumping stock every so often to pay his personal bills
Please read the prior Q filings to see just how much he claims to be owed.
This stock is basically a shell company now
End of story
AI
