Post 1Yup. another Cease Trade Order. Another failure to file. I warned that this would happen. There is a good chance hey never will file and thus name will disappear. They hope to file by July 2nd, leaving investors in the dark for another 3 months.
posted this over one year ago and it is happening as predicted................
PLEASE hear me out. I have been in this business for 45 years and have seen hundreds of venture plays go to zero and They all went through the same series of events:
1. A ridiculous amount of new paper issued...this company had a float of 48 million shares two years ago, it is now330 million, a shareholder dilution of 600%
2. An issuance of warrants to insiders for a large amount of shares at a ridiculously low strike price, just ahead of multiple news releases.
3. Constant rebranding and change of business concept. Remember, they started out as the next Youtube and that old Peeks Social site has 24 videos, virtually a dead horse. Then the jumped onto the next craze and re-launched as the next Zoom. Then they tried to capitalize on the crypto craze with a lame Bitcoin payment notice.
4, Misleading Sales figures and constantly changing fiscal yesr end dates They pumped out three consecutive sales reports of massive percent increases....63% of almost nothing
is almost nothing. They changed their year end for the second time in 1 year. They also forgot to mention they have $1.66 of debt for every dollar of sales
5> This is always the final nail. They continually delay earnings while pumping out news and promises. Then the delay in earnings report causes an exchange mandated Cease Trade Order and that is the last that is ever heard, This is going to ZERO and since they already had a CTO last fall, they should be halted in about 4 weeks if they don.t file. You have that long to get out of this mess
And here we are now while missing the latest filing, they did 2 private placements, issued 2 news reports touting first time profitability, which was terribly misleading and now we get a mgmt CTO..say goodbye to your little scam