Medis Technologies Ltd. (NASDAQOTH:MDTL.PK)
CAPS Rating:
The Company designs, develops and markets innovative liquid fuel cell solutions for the mobile handset and portable consumer electronics markets.
The Company designs, develops and markets innovative liquid fuel cell solutions for the mobile handset and portable consumer electronics markets.
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Let's start a little checklist;[X] Claimed to have an endorsement from Microsoft when they really didn't[X] No quarterly profits in over a year[X] Most income reported over the last year was from selling stock[X] Decreasing cash flow[X] Negative operating margin (-10974.75%)[X] Just announced a deal to sell even more shares of itself[X] Only product offered doesn't make much sense and even if it works is probably dangerous and has a lot of liability[X] Big steaming pile of crapCheck and check. Time for a reload.
LOL. That pretty much sums it up for me too. Check, check, and checkmate.
Diddo!!!