Followers | 113 |
Posts | 9592 |
Boards Moderated | 2 |
Alias Born | 09/05/2007 |
![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Tuesday, September 15, 2009 4:09:39 PM
Main concerns right now would be that the company is way undercapitalized to fund their own operations and most penny stock companies with few assets have to resort to toxic funding to raise money.
Current cash does not appear to be sufficient to fund production of these systems and without assets there is nothing to secure funding with other than common stock.
This tends to attract a very seedy element of the penny stock world.
Also, the O/S is very close to the A/S which would suggest an increase is not far away if any funding is required to take place. This would suggest to me that short term dilution may be required if adequate funding from a traditional source can't be found.
Also, after watching the last video it is evident that there is no complete system in place. Correct me if I am wrong here but they were separating the algae by hand because they had not belt extraction device which they said was a couple weeks away from delivery.
Also, they stated they were awaiting a solar system for drying the algae. Lastly they tubes they were utilizing were not made of the material they say the final product will be made out of.
In other words, the device they were using was not complete nor made of the components they say will provide the desired results at the desired price.
Please feel free to correct me if that was incorrect but that is what I got from the video.
(1) Current tubes are not the material to be used in final prodcut.
(2). They had not belt system for extracting the algae.
(3). They had no solar dryer for drying the algae.
They did file an initial disclosure statement which is a start in the right direction as far as disclosures go.
Glidelogic Corp. Becomes TikTok Shop Partner, Opening a New Chapter in E-commerce Services • GDLG • Jul 5, 2024 7:09 AM
Freedom Holdings Corporate Update; Announces Management Has Signed Letter of Intent • FHLD • Jul 3, 2024 9:00 AM
EWRC's 21 Moves Gaming Studios Moves to SONY Pictures Studios and Green Lights Development of a Third Upcoming Game • EWRC • Jul 2, 2024 8:00 AM
BNCM and DELEX Healthcare Group Announce Strategic Merger to Drive Expansion and Growth • BNCM • Jul 2, 2024 7:19 AM
NUBURU Announces Upcoming TV Interview Featuring CEO Brian Knaley on Fox Business, Bloomberg TV, and Newsmax TV as Sponsored Programming • BURU • Jul 1, 2024 1:57 PM
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM