Funr (FUNR)

[SharonB]

osignal2001:The worst mistake I have made is getting too wrapped up in one stock, MXDY. This was a disaster in the making.
Financial reports were made, PRs very positive, and management wasn't drawing a salary. Dilution was minimal, especially for a startup, and they decided to try Cornell to finance growth. They had a RFID product, pilot system for demos, and had sales. The financing never went through, but that should have been a huge red flag. I think it was MXDY that caused the problem, but don't know for certain.
I have since found out the management is under investigation by the US Postal Service on the recommendation of the SEC.
The stock was suspended for 14 days and now trades on the pink sheets once in a great while. (.0001)
A side light was while trying to do DD and verify the prs, it was impossible. Couldn't find confirmation, friends of the company in the countries involved (South Africa/Mexico) were non-committal, and even business associates weren’t helpful.
IMO, it really takes an optimistic gambler to pursue these ventures.

ILCO, so far, has a lot of red flags. It also has green ones.
When I look at the reduction of the OS, self financing of operations, and my personal conversations with Radomir regarding banking, financing operations, and business plans in general, I like what I hear.

This is a pinky, so beware. I like the gamble and support the management so far.
SharonB