One of the common patterns that scam artists use is to constantly engage in buying and selling the company and/or it's assets... This provides an opportunity for the principals to issue more stock for the various "opportunities" and at the same time mislead investors as to where the alleged assets actually are. Some companies engage in so many transactions that no one has any idea what is going on. Digging into the new names that appear often times you will discover common relationships among those involved. Like I said before... We don't know that is the case here but, it's a development to watch for. The recent deal announced
is suspicious since the the $1 million payment is a "convertible promissory note". "Convertible note" implies that the amount owed will be paid in stock... This is from a company with nearly zero assets and no stock.
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