InvestorsHub Logo

Advice_Needed

07/11/17 10:23 AM

#2835 RE: Poor Trader #2834

Why is this under a penny? It's so far in debt with no chance of getting out that the only hope is to kill it, make it an empty shell, and sell it in a RM. I'll wait until the stock price is at .0001 before I buy for that kind of gamble.

From the PR...

"The Company has incurred operating losses of $344,018 during the three months ended March 31, 2017 and has an accumulated deficit of $3,497,809 as of March 31, 2017. In addition, current liabilities exceed current assets by $2,126,729 as of March 31, 2017.
Management intends to raise additional operating funds through equity and/or debt offerings. However, there can be no assurance management will be successful in its endeavors."