eMax Holdings, Inc. (fka EMXC)

[3253299s]

IMO, longs better be VERY careful with this one. Why? Go to EMAX's website, click on the Investors Tab, and then download the company's Financial Statement. Once you've got it downloaded, scroll down to page 11, Consolidated Statement of Shareholder Equity. Now from page 11 through page 18 take a look at the Paid In capital over the years and take a look at the Accumulated Deficit over the same periods. As you can see, Investors have paid in over $46,000,000 over this period and during this same period the company has run up an Accumulated Deficit of almost $15,000,000. Now ask yourself, investors have invested over $46,000,000 here, and yet the company has a total market cap of around $2,000,000. It's my opinion, this company is an equity burning machine. If you think I'm just your run of the mill basher, please go to the website, download the Financial Statements and see for yourself.