The Real Reason Behind the Trading Halt On May 31, they published DISASTROUS financials. Another $500,000 in net losses, revenues cratering, and a balance sheet in shambles.
Then, less than 48 hours later, a trading halt for a WEEK.
The pumpers and desperate bagholders imagined mergers, massive new customer orders, TEN-BAGGER MOVES.
Today, reality reared its ugly head.
Now we know why: Their BILLS CAME DUE, and they are unable to pay them.
After holding a customer's money in escrow for over 10 months without fulfilling a single glove, and paying penalties for the millions in debt they have been unable to pay since last year, they have kicked their debt can down the road until they no longer could...and it's time to pay the piper.
Round and round and down the toilet bowl of bankruptcy she goes....