Posted On: 06/01/2014 1:01:05 AM
Post# of 768
Re: BURN.NOTICE88 #132
RIGH. According to unaudited fins, from 12/31/2013 to 03/31/2014 the O/S was 29,999,999,468 (that's billion) which is only 432 shares short of A/S ceiling of 30,000,0000,000. Do you really expect anyone to believe the A/S either was not raised after 03/31/2014, the latest reporting date, to accomodate an increase of O/S or will not be raised imminently? The company operates in the red, reported a mere $10,099 in quarterly revenue, and carries a net income deficit since inception of $2,283,292.
If RIGH doesn't avail itself to raising capital by floating a lot more shares in the market, how will it survive much less grow? There are notes payable of $46,900, accrued interest of $10,724, unpaid wages of $57,340, and disputed obligations of $214,448.
Money doesn't grow on trees. The financial condition of the firm indicates the company seems to have little choice but to raise A/S by X Billion and sell a lot of new shares into the market to raise capital. Nothing wrong with that; the primary purpose of going public is to raise capital by selling shares. But let's not try to evade that corporate necessity with an irrelevant detour to R/S. I never mentioned R/S.
If RIGH doesn't avail itself to raising capital by floating a lot more shares in the market, how will it survive much less grow? There are notes payable of $46,900, accrued interest of $10,724, unpaid wages of $57,340, and disputed obligations of $214,448.
Money doesn't grow on trees. The financial condition of the firm indicates the company seems to have little choice but to raise A/S by X Billion and sell a lot of new shares into the market to raise capital. Nothing wrong with that; the primary purpose of going public is to raise capital by selling shares. But let's not try to evade that corporate necessity with an irrelevant detour to R/S. I never mentioned R/S.
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