CDXC LOSSES - $2,429,586 for the six-month period ended June 29, 2013
These operating losses continue quarter after quarter as the company continues to bet their future on Hope.
Shareholders also continue to lose as the company dilutes the shareholder base in an effort to keep the lights on. If CDXC can keep the lights on it is most likely they will have do a reverse split and then the stock to existing shareholders becomes next to worthless. This isn't just high risk its financial suicide.
I stated that I would wait for this filing to decide on whether to add to my position, or get out. It is pretty clear now what is going on. This is a house with a foundation built on sand. It is all, not mostly, but ALL hype. Some people call this deal a pump and dump scheme. I do not have proof of this, but I can see no reason to continue holding on for a future that is never coming. I was a bit astonished to see the low level of overall sales. There is no way this company can justify a market cap in excess of about $20 million, and that would give huge value to intangibles and good will. With the dilutions noted in the filing, that everyone on this board swore did not take place, the stock can not be worth more than a few cents. There is no reason to believe that the company will survive another quarter. I am thankful that the price did not immediately crater, so I can still dump what shares I have over the next couple of days without taking an even greater loss. You pumpers will undoubtedly call me infantile names and claim that NR is the greatest thing since free porn, and Frost will rescue the company, but this naivety or wishful thinking at its best. I am out of this rat hole.
Your correct, It doesn't earn money & requires a money infusion to pay its bills. Its doesn't have any way of earning to date & yet the insiders here on this board still pump this loser company.
This company will sell in the penny range shortly, time isn't on cdxcs side, sell why you can.