Replies to post #20819 on Resonate Blends Inc (KOAN)

[mdimport]

$TXHD needs much more than $250,000 to survive. The company also has to repay its creditors in full.

You should always read the filings (8-K's, 10-Q's, and 10-K's) before investing in any stock.



That screenshot was taken from the 1Q2017 report:

http://ih.advfn.com/p.php?pid=nmona&article=74591385

$TXHD needs a large reverse split, and the longer it waits, the larger the split will be.

[mdimport]

You'd need to understand the total liabilities and if the company has the ability to service and pay down the principal + interest without issuing additional shares.

$TXHD total liabilities: $5,471,209



Accumulated deficit: $18,205,300



Negative cash flows:



It's almost the end of 2Q2017, so there'll be a fresh snapshot of the company soon enough.