PennyStockVideos email broadcast regarding CXLT. There is not a chance in hell this thing is going to be the next Groupon or that it will ever be brought out, my god some people are stupid as rocks to believe promoters lies like that.
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Late afternoon Friday and on Saturday, a few well known penny stock newsletters sent out emails recommending CXLT (Net Savings Link Inc), including the infamous Awesome Penny Stocks which has a huge following. Because of all the attention this stock is getting, it's likely that it will gap up on Monday or increase steadily throughout the day. One thing I know for sure, at least, is that it's going to get a substantial amount of volume this next week of trading.
I am sending this out as a warning to any subscribers who may be thinking of buying this. You can consider it, but you'd better be very careful.
Sure, there is a good chance it will rise substantially. But there's also a good chance it will drop down below $0.20/share or tank completely. I just finished reading through their latest 10Q which is an SEC filing they are required to do where they disclose all their financials from revenues, assets, liabilities etc. and it's pretty ugly.
That latest 10Q, filed on 20th July 2011, says that their total current assets are $572,628 but they have total current liabilities of a whopping $2,444,216. Even more alarming for potential 'investors' is that, for the three months ended May 31st 2011, guess how much revenue they earned? A whopping $402. Yes, this company, which has a market cap of over fifty million dollars, made four hundred and two dollars in three months! Are your alarm bells ringing yet?
While this may not be a pure pump and dump, its share price is totally being manipulated and there are lies all over the place about their stock. You can't argue with cold hard facts and their financial statements are very revealing. Of course, being totally overvalued and a lousy company won't mean that their share price won't rise, because they have some very powerful promoters pushing it to their subscribers. If you do buy the stock, you'd better watch it like a hawk because the share price could very easily collapse at any moment.
