And don't forget. Right now it just looks like someone with a lot of shares is just keeping this going to pay their own personal expenses like rent, groceries, telephone bill etc.
I have seen this in the past. Company drained of all assets and cash. Goes from $1 to sub penny and then millions of shares trade at the bottom just before delisting. Let's see if this happens here.
Bunch of cold criminals who can't rub 2 pennies together.
Yeah. Fletcher didn't even have the money to pay for an Audited Quarterly filing. Do all of the Penny Stock promoters see that now???
Do they have any money left to file or bankruptcy? The securities lawyer Fletcher should know better. Just shows you what great management skills he has. LOL.
He calls himself a lawyer. He sees there is zero in the bank. Does he really think if he does not file he won't get sued. Seriously?
Surprised they haven't filed for bankruptcy now that it is clear that there is no money left. Do they think they are keeping law suits at bay if they don't file. Like that is gonna matter. LOL.
Late Friday: Rosen Law Firm Files Securities Class Action Suit against Mannkind. Sanofi pulls out of the licensing agreement and the shareholders feel shafted. How about at Generex?
MannKind has law firms investigating. Who has been investigating all of the BS LOIs and MOUs that do not even appear in the unaudited financial statement?
If there was $52K in the bank in October there is pretty well zero left now. No oxygen. No pulse. Pretty obvious Fletcher fled with the rest of the cash. His golden parachute. LOL.
The latest Q filing is about 30 days late now. Isn't the SEC supposed to put an alert next to the symbol for late filing? Or do they not give a s--- because it is a sub-penny stock?
They are late in filing. I am sure they need to do something this month. Gives anyone who got shares for free to sell.
We should also request SEC advice as to why the company did not file the quarterly report in December. What is the amount of cash left in the bank account? Anyone?