In addition to what Jm08 said one must look at the fact that they have nothing.
Here is the quote from the Q.
The Company’s condensed financial statements are prepared using accounting principles generally accepted in the United States of America applicable to a going concern, which contemplates the realization of assets and liquidation of liabilities in the normal course of business. The Company has experienced recurring losses from operations, has an accumulated deficit of approximately $4,451,000 as of March 31, 2013 and has returned its rights, patents and physical components of the Tiger-Lynk underwater manipulator system to the former owners of HIRS. These factors, among others, raise substantial doubt as to its ability to continue as a going concern. In order to continue as a going concern, the Company needs to develop a reliable source of revenues, and achieve a profitable level of operations. As of March 31, 2013, the Company has been involved primarily with acquiring an exclusive license agreement on the Tiger-Lynk technology and organizing and restructuring the Company to meet the needs of shareholders and attract suitable financing. To fund operations for the next twelve months, the Company projects a need for $2.3 million that will have to be raised through debt or equity. The Company has already identified a manufacturer with facilities designed and capable of producing the Tiger-Lynk AR120 and providing worldwide warranty and service.
In addition to all of these things one must see that the idea the ticker is trying to pull off on low information traders is just plain stupid. there is no way on earth they could pull this off in a dilutive pink.
This kind of company is for real people with real money.