I can't speak for Tide, but can speak to my own personal experience. I was attracted to them because of the back to back big contract PRs. I got in at .10 and started seeing VNDM diluting. I got out quickly.
It was obvious that the company was pumping so they could sell off shares at the investors expense.
Then they come out with a PR about a Billion in financing. But guess what the dilution never stopped. So that doesn't really make sense to me. We never heard about that financing ever again.
Then they come out with a PR about acquiring Grupo, which has $1 million in yearly revenue...But then we come to find out Grupo doesn't exist and no mention of it in any fillings ever again.
So here we are with no chance of a revenue making Rubicon anytime soon. I'm hearing 2-3 years just to get it built. No wonder no insiders have bought since September 2015.
The company now has $16 million in accumulated deficit and owes $700k in back salaries. They have already blown through $2.5 million this year. Where exactly is all the money going?
I hate to see companies screw their loyal investors like this. It is morally wrong. I have been tricked in the past by penny scams and wished someone would have told me what was really going on. I know what death spiral dilution does to a stock. It kills the stock price and you lose your full investment.
I think me, Tide, and others provide a much needed service by helping to see the companies true intentions here and I commend them for it. Hopefully some people were able to get out without losing their life savings.
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