Frogads Inc (fka FROG)

[apprenante]

any concerns? Probably.
In December there was a massive push on this stock. The price skyrocketed to 50 cents. Since then the price drops, increases slightly, and drops again. We're seeing lower highs and lower lows.

FrogAds has increased the number of shares of common stock authorized from 90,000,000 to 200,000,000.

In the recent 10Q, FrogAds reported no sales since March, 2011. Apparently the only plan for raising capital is to continue borrowing money, as it has been doing for the rest of last year and now since the beginning of this year:

Our twelve month operating plan is dependent on raising additional permanent capital through debt instruments such as bank loans, or private financing in the amount of $175,000. Presently we do not have any existing sources or plans for financing.

Here is a link to the SEC filing:
http://sec.gov/Archives/edgar/data/1492683/000101968712000610/0001019687-12-000610-index.htm

To me, this does not sound like a healthy company that investors should expect to succeed.