InvestorsHub Logo

DartmouthDan

09/11/15 5:02 PM

#11449 RE: Flettster #11448

What do you expect? What is the future of Pazoo, with probably a billion shares outstanding fully diluted?
It has a nice website but the revenues are modest. Not enough to pay the costs of being public.
It has minority interests in MA & Associates and 100% of Harris.. neither is operating yet.. for Nevada medical cannabis. There are a limited number of potential licensees in Nevada and no one open for business. Arguably if most of the country goes for MMJ these subs would grow, but is there that much money in testing and such ancillary services?
Worst of all, if you look at the chart, PZOO is classic penny dump. Number of shares outstanding exploding, all those shares being dumped and the price showing steady downward trend.
One huge issue is the accounting for the purchase of Harris and MA & Associates. Pazoo valued these companies for acquisition purposes not on the book value of the companies acquired, but on the "value" of the preferred paper given. This is most of the company's net worth.. all smoke and mirrors. This is aggressive. Pazoo's auditors MaloneBailey got slapped on this in their last PCAOB audit.
http://pcaobus.org/Inspections/Reports/Documents/2015_MaloneBailey_LLP.pdf