They have no money to pay for their upcoming audit. They are going to need to really dilute the stock to even raise enough money to get the audit done, let alone do anything else.
I knew that the 8k they put out a couple of weeks ago was a pump to sell stock and the $15k they received for signing that agreement was just to be able to pay for the more than 45 day late quarterly filing.
This company is insolvent and will continue to lose money for everyone involved with the exception of Collier, who has set himself up to steal from the shareholders.
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