Be cautious.... very very cautious
The company boasts revenues that seem spectacular but yet their bottom line (net profit) continues to suck.
Many different reasons for that but just a couple of quick ones that stand out:
- They give themselves massive amounts of free shares and call them bonuses. I question why give bonuses when the company is barely profitable... But hey, these stinky pinkies try to stand tall and mimic the big board stocks which do the same.... taking away from the common shareholder..
- Mgmt gives themselves huge salaries as well as some of their relative employees... One example is the spouse of upper mgmt who is a pharmacist received well over a half million friggin dollars. Look at some of the past 10-K reports.
It's been predicted over and over again that this ticker is worth 10 cents and even 35 cents a share, however it has only reached a nice level for a few days when it was being pumped.
One of the upper level managers has a LIFETIME ban from FINRA for doing crooked deals with a previous company.
It was stated around 3 years ago from mgmt that they could uplist to the NASDAQ any time they wanted but yet here it is 3 years later and they are barely holding 5 cents on the QB with still doing Alternate Reporting... Not SEC filing....
.... so do some DD and be vert very wary.
Oh, BTW, check out the daily volume... It sucks... so if one was to buy in it may be difficult to get out.
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