Replies to post #25248 on Traack Technologies Inc (TRAA)

[spudsuds]

Im sorry but it clearly states in the current 10Q they are seeking equity financing. None of my post have been about current debt. All about the SS and future debt.

they haven't done any toxic borrowing
please read the filings
shares were sold at .10
above the current market

[waterchaser]

Yes, that private placement was unfortunate.
GTRQ has cost many folks a lot of money.

[spudsuds]

Maybe the 10Q can clear this up. Take a look

At January 31, 2016, we were engaged in a business and had suffered losses to date. In addition, current liabilities exceed current assets, and we have minimal operating funds. Although management is currently attempting to identify business opportunities and is seeking additional sources of equity or debt financing, there is no assurance these activities will be successful. Accordingly, we must rely on our officers to perform essential functions without compensation until a business operation can be commenced. No amounts have been recorded in the accompanying financial statements for the value of officers' services, as it is not considered material.



These factors raise substantial doubt about the ability of the Company to continue as a going concern. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.

[DJ Ponder]

Roflmao and the company hasnt diluted shareholders either - ROFLMAO
And all that stock issued in 2014 is restricted until 2017 too - LMAO
Gtrq has not sold a single share since march of 2014- LOL
Gregg built this all out with no debt - LMAO

STOP IT I CANT TAKE ANYMORE MY SIDES HURT FROM LAUGHING SO HARD!