Anyone wondering why COOL popped earlier this monthFrom the MD&A
Marketing and Shareholder Awareness Programs
On November 26, 2019, the Company engaged Khaos Media Group for its marketing and shareholder awareness program. The services will be provided under a month-to-month agreement at US$40,000 per month. During the month of November 2019, the Company entered into discussions for marketing advisory services with a marketing agency located in Europe. The Company made an initial payment of €50,000, which will be applied towards the definitive agreement, once it is finalized.
COOL had 119k in cash and around 600k in working capital at the end of September. They lose over 700k per month from operations. And they just spent around 100k to try and get dumb retail investors to buy their stock.
This company is on the verge of bankruptcy. The reason they did a roll back is because it is against the rules to raise money on the CSE if your share price is under 12 cents. They will attempt to raise money again and if they are unsuccessful they will go out of business. Run away from this company - you're going to get burned.