RE:RE:RE:RE:For example FWIW
I also see serious challenges with this stock, and since I’ve been here, it’s really done nothing, but go down. that, and down over 95%, and plunging to three-year Lows
So far, and I’m sure I will be wrong at some point, but the only four stocks that I post on, three of them, I have also had reservations about including VPT down over 50%, and huge down over 97%.Another I am positive on up 50% yoy
For me, it’s about the facts
If you look at the company, published financials, mda, and press releases, it bec
comes clear that this company has serious challenges, is high-risk, and that is why I am avoiding it.
In summary:
1. AMF makes serious allegations of misrepresentations of sections 196 and 197 of securities act, seeking orders prohibiting Mr Pascali and Curleigh to act as directors
2. Continued insider sales, and indications of further sales requested
486,400
This is amount of shares, sold by Mellon trust in last month, according to my math.This continues in October
Over 1 million in the last year
3.Financials reveal decrease in revenues by 2.8 million and by 4.4 million on 6 months, with a comprehensive loss on Q2 of 6 million
4. Torch contracts announced, must be contexualized with delays reported in accounts receivables
The delays in AR are concerning for liquidity. “ Going concern” on recent financials
5. Technicals have been negative, with price continuing to slip to 3 year lows
(While insiders sell-perplexing to me as wouldn’t you expect them to hold off in a fire sale ?-although what do I Know
All in my opinion, and, of course, no one should buy or sell based on what they read on this billboard, especially by me, and by the promoters. Do your own due diligence, and recognize that this is extremely high risk