Per Nov. 10 Q:
(1) As of July 2013 is in default of 2 Million to Portable, the acquisition that defines the company operation- in default of the covenant;
(2) Last 9 months zero revenue
(3) Negative net worth 12 times the market cap of the company; if you take out the questionable ‘intangible’ assets; Worst still if the extremely questionable ‘related party’ is taken out;
(4) So many small acquisition into and out of questionable unrelated enterprises, intent to acquire, intent to reverse merge, etc. that makes a maze look like a straight lie. On fundamentals this is a worthless company, in terms of accounting, potentially fraudulent as most reverse merger types.
I don’t own it, am not short just warn the little guy who will get bagged yet again. As for experienced ‘pump dump’ and ‘boiler rom’ traders, I say enjoy the ride