The accompanying condensed consolidated financial statements have been prepared assuming that the Company will continue as a going concern. The Company has net losses for the period from inception (January 2011) through March 31, 2016 of $155,025,000, as well as negative cash flows from operating activities. Presently, the Company does not have sufficient cash resources to meet its cash requirements for the twelve months following March 31, 2016. These factors raise substantial doubt about the Company's ability to continue as a going concern. Management is in the process of evaluating various financing alternatives for operations, as the Company will need to finance future research and development activities and general and administrative expenses through fund raising in the public or private equity markets.
Nobody will give them any money to this Big loser as its only drug failed.
Bankrutpcy or shut-down!
Sooner, EPRS is going to file Bankruptcy with huge losses and tiny cash. The insiders sold all their shares as they know better.
It's finished and will be shut down soon.
Then, they'll issue 20 Million new shares!
The current shareholders or bagholders will lose Big money if not all.
The pumpers are giving false info. in order to Dump their worthless shares.
What a stock and company!
Go check it.
Sold 20k shares for 300% gains today and leave 30k free shares to float.Weeeeeeeeeeeeeee!
Still holding all my 50k shares.
As they know better.
Bankruptcy or shut down coming!!!!
Pump to Dump 70 million shares!
Be very careful!
before the BK or closure!
Be very careful. It's being pumped for Dumping.
The buyers are either Naive or Stupid to buy this Scam! Sooner, it'll be crashing as the stock will be deleted.
On May 26, 2016, China Commercial Credit, Inc. (the “Company”) entered into a Stock Purchase Agreement (the “SPA”) with certain accredited and sophisticated investor (the “Purchaser”) in connection with a private placement offering (the “Offering”) of 2,439,025 shares (“Shares”) of common stock, par value $0.001 per share, of the Company. The purchase price per share of the Offering is $0.41. The transaction contemplated in the SPA shall close upon satisfaction of certain closing condition including NASDAQ’s approval of the application for issuance of the Shares.
The Shares issued in the Offering are exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”), pursuant to Section 4(a)(2) of the Securities Act and/or Regulation D promulgated thereunder.
The new bagholders will lose big.
It's totally a POS and Scam!!!!!
PHMD halt will come any day without notice like DSKX did. Be very careful!