Phoenix Rising Companies Inc (PRCX)

[DaReal]

It's all in the Hand of the Co and their Leaders. If they continue with the given amount of dilution (obviously driven by the note holders), can't close the outlined aquisitions and can't submit any positive outlook, imo this is going further down.
The last 10Q was pretty telling, lets see what the next one will reveal.
It would be even more interesting to get a verified Report about the so called Mine since there seem to be a lot of open Questions (at least to people that are willing to see them) like the Co claims of 24M tons of recources... while there is an report available that shows way way less :

The main mineable coal seam No.1 coal seam is 0.57~4.50m thick, with an average of 2.33m, which is a relatively stable medium-thick coal seam; the first coal seam is a relatively stable thin coal seam that can be mined in the whole area. Coals 21 and 14 are lean coal, which can be used for power and civil use. Mining depth: (two 1 coal) +389m ~ +175m; (one 4 coal) +289m ~ +125m. The mine field area is 0.8876km2, the mine has 1.96 million tons of geological reserves, 764,800 tons of recoverable reserves, design production capacity of 0.15Mt/a, and service life of 3.64 years.

Coordinates of the Mine:

2. Mine location and traffic conditions

Yuzhou Shenhuo Kuanfa Mining Co., Ltd. is located in Shanggou Village, Mojie Township, Yuzhou City, Henan Province. The administrative division is under the jurisdiction of Mojie Township. The geographical coordinates are 113°09'14?~113°10'05? east longitude and 34° north latitude. 07'50"~34°08'35". The mining area is 1100m long from east to west, 850m wide from north to south, with an area of ??0.8876km2. It is 37 kilometers away from Yuzhou City, and the mine is adjacent to Mo-Shen Road with convenient transportation.

https://translate.google.com/translate?hl=en&sl=auto&tl=en&u=https%3A%2F%2Fnews.tianyancha.com%2Fll_c92jlw0csg.html

Oh... and the Mining Licence seems to have expired a few month ago too:


https://translate.google.com/translate?hl=en&sl=zh-CN&tl=en&u=https%3A%2F%2Fwww.qcc.com%2Fcassets%2F44961afba38d32d2466187fbb007a436


Maybe there will be another PR like this in the Future again...

Certain details of the original press release were issued in error, and should not be relied upon an as indication of future performance by the Company.

https://www.globenewswire.com/news-release/2015/11/27/1088430/0/en/resort-savers-inc-rssv-clarifies-acquisition-of-shenzhen-amuli-industrial-development-company-ltd.html

Above is JMHO! Nobody has to agree at all!
Who knows where this is going, but 4sure no uplisting to NASDAQ anytime soon...

GL to everybody.