Wednesday, January 16, 2013

When in big hole STOP digging - CUU.v

There was another rock bottom PP announced yesterday in CUU.v land with moneybags Earnesto stepping up to the plate for the 8th consecutive time. Lord knows what his "investment" strategy is about.

Today we have news of a swack of options being extended and Geeze Louise the grossly stuck retards at AgoraScam are falling over each other with unbridled glee, naturally.

Minor things like money and/or the lack of it turn our cranks so twas off the financials for a look-see. Nada good idea as there is ample fuel to make one wonder what sheeple actually SEE in this paper yet again.

Company is smack dab on the road to the audited for the fiscal year and the info is many months stale, presumably the next won't appear until the end of February.

At first glance we can tell this Co is burning around $ 3m per annum on overhead alone and at July 31, 2012 had a working capital deficit of $1,616,527. Thanks to the ridiculous ongoing support of sugar daddy Earnesto another cash crisis was averted, but damn, how does one go about reigning in that wicked overhead? Best we don't ask Elmer, he's been doing VERY well of course, thanks for asking.

We have a pee pot full of rock bottom options that are fully vested and yikers. Unknown if these are the ones being extended but who cares. This deal both sucks and blows and it's getting more ridiculous every day.

$0.10 Jul-09 Jul-14 1,000,000
$0.15 Oct-09 Sep-14 3,150,000
$0.15 Nov-09 Sep-14 500,000