I think the most negative here believe it's a real business, especially with CB involved. Besides Rich has created real businesses in the past. The problem here is whether the business will succeed fast enough to make long shareholders a profit or just eat up all their money. That has been the case with every real business Rich has run since 2005. Every one of them has sucked shareholders dry, while Rich's lifestyle hasn't seemed to suffer at all.
Scammer is probably the wrong word when a business has real products, but the results are the same on shareholders. This is what they fear. The negatories here have seen this over and over with Pinks and the odds are in their favor. The positories often wear blinders and make up any kind of excuse for Rich. I do agree that if you believe in something, to stick to your guns in that belief, but prudency should trump that belief with appropriate action. Don't ride this into the toilet. Get out and buy back in in the trips because Rich is going to dilute this to that place. He really is running out of options.
If he still wants to Uplist, he'll have to produce audited fins (he projected end of 1st qtr/early 2nd qtr and still not done) and an RS now to get PPS over a penny for 30 consecutive calendar days.
On audits, his fins are relatively simple. Why is it taking so long? It doesn't have to be that he just lied about doing them to boost the stock (though it very well could be). It could be auditor has found things inconsistent with US GAAP in the way his companies are organized and where revenue and profits are recognized. That's not good news. Another thing to remember, auditors must report any fraud or crimes to authorities or lose their license...a double edged sword as nothing has been reported yet, so good, but they could also drop out if they are at the edge and Rich isn't providing honest answers and that is not good (would be viewed by investors as scammer teetering on the edge of being found out).
The big question on audits for the group...has he ever announced doing audits in the past businesses and actually come through? The answer to that should be telling.
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