Golden Ally LifeTech Group Inc (AQPW)

[NativeBuff]

Signet is sinking

The SEC Disclosures reveal a number of things, namely, that Signet has no equity in any of the technologies they promote.

The listed assets include cash, prepaid expenses and subscription receivables. If they owned the patents, they'd be able to book some value for the patents as an asset. Additionally, they'd mention the asset ownership somewhere but don't.


To quote the SEC Filings:

"We do not currently hold any intellectual property."

AND

"We anticipate generating losses and, therefore, may be unable to continue operations in the future."

AND

"As reflected in the accompanying consolidated financial statements, the Company had no revenue generating operations. In addition, there is a working capital deficiency of approximately $342,000, accumulated deficit of approximately $7,500,000 and a stockholder’s deficiency of approximately $332,000 as of December 31, 2019. This raises substantial doubt about its ability to continue as a going concern. The ability of the Company to continue as a going concern is dependent on the Company’s ability to raise additional capital and implement its business plan."


Question - What are people actually investing in with this company?

They don't own a thing and at best he's trying to act as a broker for some stale IP that hadn't had traction.