NoHo Inc (DRNK)

[I-Glow]

In the last SNNC financials the revenue was a paltry $2000 but the funniest part is the COGS were greater than the revenue.

So SNNC isn't doing very well with a Net Loss of $152,797 for the Quarter.

And the coup de grâce was the following:

NOHO, Inc. entered into a letter of intent to acquire Smog Armor, Inc., a special purpose acquisition company formed to facilitate the transfer of Smog Armor’s assets from Delaware-based Creative Carbon Solutions, Inc.. NOHO will acquire Smog Armor with convertible preferred stock which will not result in any immediate common stock dilution.

And don't forget you have to pay for the warrants.

IG

Oh wow, another infamous Letter of Intent - more meaningless pumping.

And only OTC novice investors will fall for convertible Preferred Shares not causing immediate dilution - the reason is that the convertible Preferred shares aren't immediately convertible.