PureSafe Water Systems Inc. (fka PSWS)

[thesmalls]

what news?!

financing...? facing down another 1.5BB shares or diluting the current by 300%.

financing (if it comes which i do not think it will) is not going to be at the current pumped up price of $0.006. it will be between $0.0006 and $0.001 based on price/volume prior to this run.

if they do all 1.5BB at $0.001 - that is only $1.5MM of cash and in their last filing they state they are trying to raise $5MM for operations (of course they have been saying the exact same thing for 4 years in the filings). $1.5MM doesnt even pay off the short term obligations past due. if they use it ALL for inventory - that is only 12 machines assuming they do not pay for anything else.

it would have taken 100 machines a year at $250K selling rpice and 100% GM to justify $0.08/share.

what would 12 machines do?

only financing will be from an entity that is immediately going to flip shares. there is NO long term financing available. anyone wanting a serious position will just wait to buy out of bankruptcy.

there is NO market for this machine as history has made painfully obvious.