
Why are we so negative on this otherwise fantastic sounding joint venture? It is about money. This company has only $13,000 dollars in the bank, and that is not 13 million that is 13 thousand. They have about 500,000 in debt, and the expense of being public.
This joint venture better come with a big payment from their partner or it will certainly go nowhere. We went looking for an 8-k but there was none to be found which tells us no payment.
Without upfront money this is just hype on a company with less money in the bank than my gardener.
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