Hey Eagle, a couple years ago I actually bought into this company's goals and press releases. I'm not sure if it was 2017 or 2018 but they started out with a 3 million dollar revenue target goal for the year. Half way through the year, they raised it to 6 million. I thought this was curious because they were only doing about 70 thousand per quarter. In the end, they did about 200,000 dollars for the year. Anyway, I was able to get out with a profit on a run when they bought a greenhouse and I have stayed clear since.
Lets talk about the greenhouse. It was going to produce millions in revenue and serve as a place where a university would use it for research. None of that revenue or the ideas were ever realized; not even the revenue from the existing greenhouse operation. They ended up selling it to one of the many companies they are connected with. I don't know if the PURA shareholders ever got the dividends they were promised.
The skepticism is also related to their not releasing the names of distributors and supposed acqusitions. You don't as a public company, put out a PR saying you aquired a company and not inform your shareholders of the company's name and location. For instance, the latest Europe scheme; shareholders aren't even told what country the acquistion or merger is located.
You put the afforementioned together with the past schemes into Canada, Africa, the lack of audited financials and their frequent mention of big name companies they have no relationship with and you can hopefully see where the pessimism comes from.
Wolf
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