+ Watch ETAK
on My Watchlist
OOPS!! I meant to red-thumb this one. Oh well, we'll see where it is in 7 days.
bound to be a big loser
They have -$216MM in accumulated deficits and 136MM shares issued. That equates to an accumulated deficit (negative equity) of -$1.59 per share. Additionally, I cannot find a way to make them worth more than zero on a DCF basis no matter how hard I try (even with very rosy assumptions I consider to be very difficult for this company to achieve). Not to mention, ETAK shows no quarter in recent history where they have turned a profit. They may have generated one a long time ago, but it doesn't seem worthwhile for me to chase that information down. They have $3MM in cash are burning it at an average of $5.3MM per quarter over the last 5 quarters. I really wish I could find more of these super easy red thumbs.
I'll just give you a taste of their latest quarterly report:The Company received notice from the Exchange on May 17, 2013 indicating that the Company does not satisfy the continued listing standards of the Exchange set forth in Section 1003(a)(iv) of the Company Guide in that the Company has sustained losses which are so substantial in relation to its overall operations, or its existing financial resources, or its financial condition has become so impaired that it appearsquestionable, in the opinion of the Exchange, as to whether it will be able to continue operations and/or meet its obligations as they mature.Good enough for me!
Redchip.com stock pump and dump trash.
Absolutely terrible company! Who ever invests in this deserves to lose money.
Elephant Talk holds patents to software vital to NFC transactions.
Secure cell transactions that has hugh upside.
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