InvestorsHub Logo

85sticks

03/12/15 8:00 AM

#15582 RE: gchammer1 #15581

Realize that this wasn't a penny stock a couple months ago. Just started trading under $5 recently. The shares added as you say 3.8 mil. At an average of say 10-20 dollars. That's a lot of fecking money. Also if you look back. Nearly everyday an insiders had been selling their own shares. That is not a good thing. Ambulance chasers all through your news releases is not a good thing. This stock is meant for suckers. Which yes I was one of them. Strictly a pump and dump.good luck, if you get up get out, is all I can say.

236T568

03/12/15 12:01 PM

#15589 RE: gchammer1 #15581

actually, you are wrong yet again

the $2 million in revenues was for 2013, not for "last Year"

the $2 million is the restated figure for 2013, down significantly from the $5.2 million in revenues originally reported for 2013.

Net losses of $3.8 million for 2013 are also significantly greater than the original $0.6 million net loss for 2013.


http://www.sec.gov/Archives/edgar/data/1547996/000119312515087250/d888964d1012ga.htm


The above restatements pretty much underscores that the original 2013 financials were completely and totally fraudulent.


regarding last year's revenues, the most recent reported quarter, the one ending in Sept 30, 2014 resulted in only $107,429 in revenues (and only $606,717 for the 9 months)


http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10298731




Not bad at all. 2 million in revenues last year and they only increased the shares 3.8 million from 2012 to 2013. That is not bad at all. Most start up penny companies do not have 2 mil in revenues and most penny stocks increase the shares WAY more than this. This is definitely a positive!
I am happy with this and I am happy new management is moving forward in the right way.