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overachiever

03/20/10 11:48 AM

#13974 RE: 10stars #13968

It is a legal company, but it takes in the lion's share of its money from dumping stock to newbies rather than from selling product.

Product sales here are lackluster at best. They only sell about 10K worth of goods per month and lose 400K a quarter doing it. Stock sales into the pumps are how this company gets its cash.

These guys reverse split the stock 1 for 4000 less than two years ago and they have already issued so much new stock that their O/S previous to that monster reverse split has already been exceeded. They just raised the A/S by 4 billion shares and added 1 billion to the O/S so they could dump some more into the takeover hype.