Crednology Holding Corp (fka COHO)

[Realityhurts]

Lol, since you got shown to the door on the other subject, you suddenly change it.


Ok, be reasonable, this is a startup with a fantastic product that is coming to market. Of course the financials aren't going to be perfect. I don't know of any company in this situation that is. If they were fantastic, it wouldn't be trading at .03 ! It would be .50+, possibly $1+ ! Quite a few tech stocks have never been profitable, (almost never when they IPO) but, it's the future people are buying because they realize that these companies generally have a very steep growth curve unless the product or service becomes obsolete and they are unable to change. If it were easy to start a private company with no money and make gobs of money staying private, no company would go public. Going public eases capital restraints, and, provides a new channel of financing be it via equity financing or equity backed loans. The flipside is that, shareholders then are able to participate in the growth upside of the company while, yes, participating in the downside risk.


Accrued salaries are basically management investment and belief in the company, it can actually be a plus. Very happy that they have chosen to make that investment rather than to borrow money at abysmal rates to pay them.