Their most recent 10-Q says "Unless we can raise more funding we are dead". The last form they filed was an "Inability to file forms in a timely way for Q2, 2013".
How could this firm not look dead to you?
Hey,
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What in the world did you do for research before you bought this stock? This company is a ghost company - it has no web site, hasn't had a press release since October and that was incomprehensible mumbo-jumbo, and shows no activity whatsoever in every market information source. This is an example of a penny stock that is nothing but BS, which is just about 99% of penny stocks.
It means that no one is interested in buying or selling that stock (more likely buying). In order for there to be activity, there must be both a buyer and seller. Given that it is a penny stock that has lost money for four years in a row and basically has no revenue, being illiquid should not surprise you. My guess is that if you placed a buy order, there would be activity from people stuck with this stock.
You just threw your money away. There has been no activity and it's trading at $0.002 a share. That's 2 thousands of a cent. You would need 1000 shares to equal a penny. Hopefully it was a very small amount of money. You just learned a valuable lesson about penny stocks. STAY AWAY.
Thta means no one wanted to sell it, and even if someone wanted to buy it, it wasn't available for purchase.
Because it's share price is so low, this is not traded on major exchanges. It is likely traded on over-the-counter market, also called a "pink sheet". You are going to have tough time selling this. The risk of holding onto something like this is beyond most investor's risk tolerance.
Looking at its latest balance sheet, its liability FAR exceeds its asset. (by order of 10 TIMES) The company never made any profit. Account payable is also twice the size of receivable.
This is not a healthy company.
I hope you are aware of all this, and you can either tolerate the risk or have very little invested in it.
Good luck.
The stock i purchased, which is INKN by the way, has a closing date of Feb 5. Since then there has been absolutely no volume, or update at all. Ive seen other stocks with closing dates of Nov 15 also. What does this mean exactly???
