OriginClear Inc (OCLN)

[Oxonius]

So, the grifter is crowing: "Outstanding revenue and profit growth reported from quarter to quarter" and hoping that folks don't read beyond the headlines.

Actually, the core facts are these:
1. Revenues have barely recovered to the levels they were last year, in the midst of the pandemic
2. Loss from operations was ($1.3 million) vs last year's ($1.2 million)
3, G&A expenses are over $1 million
4. Interest expense was $315,000 (vs $230,000 last year)
5. The only real "positive" is that they stiffed someone on a loan and are showing a credit of $150,000

They seem to be hiding the Balance Sheet for the time being (can't imagine why)

The Sep 30 share count was close to... ... 200 million!
On a fully diluted basis it is almost... ... 800 million!

(I seem to recall that there were 4 million outstanding after their massive R/S a year or two back)

I'm thinking of sending the new CFO a can of Lysol to help with the stench in his office.