And this article effects sales and profits how? They may have a food safety product
but the market will not buy it. Too spensive.
61 million was simply release for credit losses. Like a bank CAT
has relied on engineering which in the end = implosion. Bankruptcy
Translation, we are broke and decided instead of a fire sale we would sell
our superduperdeluxe silver electrolyzer to someone who can pay the electricity
bill, PR it into something the malcontents cannot understand, and go about
trying to get the SEC to bless all those unregistered shares waiting in the wings
to be dumped on the dupes. We have a great market cap for a company that sells
little and has a patent that will run out long before we can ever monetize it.
err, PURE is jut looking to unload unregistered shares on Patsy folk
to keep the doors open per usual.
Please do not read the numbers. Its been going on a decade. All that matters
is a continuous flow of stawkee sales to the lemmings that has negative intrinsic value.
A great gig if you can get. "Step right up, step right up ladies and gentleman and behold
out silver water"
It means PURE has been on life support and selling shares to anyone and everyone
at low prices just to stay afloat that have not been registered with the SEC and cannot
be sold yet. Once the SEC blesses them all those shares, at last count a kabillion, that
bought in for pennies will take the profit faster than a Frenchman runs from a cap gun.
It means YOU will be holding a bagful on air wondering how you could have been so
obtuse as to believe a company that has never come close to making a profit and paid
its insiders well for accomplishing nothing but stock sales. This leads to a necessary
script for Ativan from your primary care physician just to make it thru the day.