Once they burn through the money on hand they are done. If they concentrated on business instead of all the stock, warrants and reverse split that they thought would boost the stock maybe they would have had a fighting chance, Justs look at the history of this company, current sales and overhead and you can see that this is nothing but a train wreck. . If and I say if they all of sudden get robust sales who in the right moind is ging to finance this for them. They are going to use up the 15 million they got within the next 6-9 months with the burn rate they have. Stay away.
The USA has to start to put distance bewteen the Saudi's and USA. The USA has been covering there back for too long. There is nothing we have in common with these people except Oil. The Suaid;s think they are going to threaten the USA regarding how involved they werein 9/11. It;s an outrage that we support this monarchy which has created nothing but problems in the world with there OIl. Now a new insight into
9/11. How can we continue ti support them as we have in the past. Let them pump and we should tax any
OIl coming from them. It's tiome to put t hem in there place once and for all. Doha was a joke .
Sure it will. They will be out of cash in less then 12 months. They will create more stock and swaps and of course losses. This is a losing company. 75 reverse split and the stock is at 20 cents. Pathetic.
The stock is trading at .0041 cent of its reverse split price, This was a perfect short. All there warrants, stock etc switching back and forth for years. They burn cash like crazy and have very little sales and big losses. How they got this far is just manipulation in my opinion. I thought this was a perfect short from the beginning when they reverses split this company. I don't see why it should be trading higher to be honest. 31 cents or 75 cents does it really matterat this point. Where are the sales and profits that's the question.