>>>Where’s that bankruptcy? How many reverse splits have they done. Are they still doing studies and looking for more submissions? Seems like the fat lady hasn’t started singing yet<<<
Do you read the financials at all? There was no bankruptcy because they have funded this company with dilution of stock in the amount of 25 BILLION. Plus they have an investor (R. Staelin) that has loaned the company in excess of $5,800,000. This was necessary because sales have never been able to positively fund the company's ongoing business operations. With this company never showing a profit, will this (loans) continue? Will Staelin keep loaning or will he stop throwing 'good money after bad'? If he does, then this pattern of losing money every year better turn around soon, because NO business can continue on losing money indefinitely. Will they raise the authorized shares so they can sell and dilute more stock to help fund, if Staelin says 'no more'?
And what does doing no reverse splits, have anything to do with the financial status of this company? Reverse split, or not, the company valuation and financial status will remain unchanged. But I do admit that if/when the CEO decides to do a reverse split, it will not be viewed very well by the market.
Fat lady singing? You're correct, not YET. But it does feel like she is behind the curtain warming up for when it opens -------- ya think?
Does anyone read the financials?
AI
Market Data 
Markets 
