This is my first post on this board, although I have been visiting it for awhile as a reader. I hold some of this stock and have seen the red flags. I am by no means an expert penny stock trader. Having been a business owner who took a company from 0 to $40,000,000 per year and ran it for 7 years until I sold it, I know that growth can can constrain cash flow. You need to get the cash to fuel your growth from either
1) profits/Retained earnings
2) Loans / Borrowing
3) Capital Markets
That being said, It is quite possible that for them to sustain their growth they would need to go to the capital markets if unable to get bank funding (which i find doubtful unless they are a new corporation i.e. under 2 yrs with no tax return track record).
Sales IMO, while meaning alot (better then 0 of course), do not say to much about cash/growth needs without seeing the rest of the balance sheet/ Income statement.
My problem has been if they were going to counter the so called short sellers (per their PR), knowing that the share holders were having a problem with it and also knowing, I assume, that there were AH sells going on. Why would they increase the A/S. Also If they needed cash, they would want to do either a private placement or report their financials so they could sell into a market with a higher sell price. Calling you ppl fools for asking relevant questions makes them seem even more fishy. Yet I will hold onto my measly shares. Just my thoughts. The guy can't be that dumb IMO.
Sorry for the long post.
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