Anytime a non-reporting pink sheet stock with a maxed out share structure tells you “no RS,” brace yourself for a RS. This company issued stock in the trips in just the last quarter (page 29 of the recent quarterly) while claiming over $200M in revenue. Legit companies don’t do that, if they did their shareholders would be justifiably irritated at the dilution while the company is allegedly in the black.
$204M in mystery revenue, $63 in the bank, over $9M of accrued wages, while issuing stock in the trips…. Yeah, that sounds legit.
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