The bid looks like it will end up between 1 and 2 cents. The offer is now at 8 cents, down from 24 cents but it will go much lower.
This is the fourth day of selling at the 1 cent level so one more day and Asher can begin converting at $.0058. It certainly will not take long before the share price is back down to the pre reverse split level.
There is just nothing positive going on with the company.
1. Essentially all of the products hyped back in 2010/2012 have been sent to China for development but there is NOTHING in China at all. That is just another of Moro's scams.
2. Product sales of Dog RECAF have been dropping ever since the distribution agreements were signed. It is a failure.
3. Moro is still getting operating cash from Asher at death spiral rates and still converting the note from October. Another is due to convert in April 2013.
4. The $540,000 plus note to Smithline is due in just a few days. Moro will default.
5. From the employee selling last month, it would appear that Moro is down to just one employee, his son.
I have never shorted nor intend to have any financial interest in this stock. I am not connected with anyone who trades, shorts or has financial interests in this stock. I only post facts and my opinions. I do not post on IHUB with different aliases.
