3 billion shares were issued in 2010, when the company was making its big comeback with Ecigs.
The proceeds from shares issuance were $3,429,850
That year $47,187 worth of ecigs were sold, for a ($197K) loss
The company finished the year with ... $306 in its bank account.
It means $3.5M flied out of the company, to destination unknown.
The next year, only 1.5 billon shares were issued, for proceeds of $1.4M
2011 losses were ($183K). The company finished the year with $156 in the bank.
And so on and so forth.
The company pretends to do business, always loses ($150K or more), is very successful at selling worthless shares (makes a 1000 more money with shares than with sales), and always move all the financing proceeds out of the company.
And now, with their shares maxed out, and the RS being temporarily impossible, suddenly they are going to do real business ?
Ha!
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