Since the world of "ifs" is in play so as not to be "clueless" perhaps try this one on for size. If the company does not sell anything to make money, and if the company continues to accumulate debt, then the company will likely issue more stock to fund operations which will dilute current shareholders further and will depress the stock price. Fair speculation or clueless? A reasonable person would say fair, yes? From the last quarterly report:
Total Assets $48,273 Total Liabilities $1,726,785 Total Stockholders' Deficit $1,678,512
That is not healthy
6-Month Revenues $5,715 (I checked to see if that was noted in millions.....nope, just under 6 grand) 6-Month Net Loss $431,104 (This is called bleeding cash)
One can either get their company information from "investors" on a public board, or one can read what the company actually says about itself to shareholders in its own public filings:
"The accompanying consolidated financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company has incurred losses since inception and had an accumulated deficit of $7,982,783 as of June 30, 2023. The Company requires capital for its contemplated operational and marketing activities. The Company’s ability to raise additional capital through the future issuances of common stock is unknown. Obtaining additional financing, successful development of the Company’s contemplated plan of operations, and the transition, ultimately, to profitable operations are necessary for the Company to continue operations. The ability to successfully resolve these factors raises substantial doubt about the Company’s ability to continue as a going concern. The consolidated financial statements of the Company do not include any adjustments that may result from the outcome of these aforementioned uncertainties.
In order to mitigate the risk related with this uncertainty, the Company plans to issue additional shares of common stock for cash and services during the next 12 months."
Back in days of yore, there were folks called snake-oil salesmen. They went from town to town to tout the latest and greatest tonic, potion, doo-dad that would heal all ills and make every human thrive. Let's collectively render a nice reasoned group analysis if this statement from the company sounds anything like a snake-oil salesman:
"In February 2022, the Company acquired US Patent rights to a process that increases dissolved oxygen in water. The process produces MorO2, ingestion of which is believed to increase diffusion of oxygen into muscle tissues. The Company is developing a business plan to manufacture and market products based on the MorO2 technology."
So, we have water, the building block of life. It's been around since the dawn of man. And this company purchased a patent on "better water" which is "believed" to increase oxygen diffusion in muscle tissues. No peer review, no science, just a process to make original water into fancy water. Something to make every human thrive. Not a sound investment for me, but I do enjoy a good conversation about a public company that gets regular folks to push its stock on public boards. Fascinating!
Just for sh$ and giggles, companies have been selling oxygenated water for some time now with no "superhumans" created yet:
I'd welcome any news over no news. This is how they intend to promote their sleep product, and it's definitely not just fluff news. In case people are still clueless, World Sleep is a unique opportunity to engage in face-to-face discussions with researchers, clinicians, and leaders in the field of sleep fromover 70 countries.
If they connect with the right stakeholders, it could potentially lead to partnerships and worldwide distribution.