Radioio Inc (RAIO)

[Sazo233]

have to agree.. i just took a look at their financials - all the signs are there

-Accumulated deficit (64,206,999)

-Related party notes were converted to common and preferred shares at April 5, 2011

-the Company incurred net losses of approximately $510,000 and $513,000, respectively, while cash provided (used) by operations was approximately $233,000 and ($369,000).

-In April 2010, the Company amended the Articles of Incorporation to increase the authorized common shares to 250,000,000.

-Net cash provided by financing activities $195,928

Their cash position of $420k, half was provided by issuing common shares.
They will keep amending A/S every year
Dilution is imminent
Business model and revenue streams are weak and their sector is not expected to see substantial growth, look at the trouble siri went through

I'd be glad to take my money and run if I had an open position here, they're hardly worth .007, cant understand why anybody would pay .07 for their worthless shares
all IMO
GLTA