Aquasil International Inc (PINK:AQUS) is still in the development stage, but someone has decided this would be a good time for a paid promotion. The newsletter was sent during the weekend.
Throughout August AQUS has made sporadic movements on relatively low volumes which ultimately led to more than 300% appreciation. Last Friday, AQUS closed up 50% at $0.15 with 201 thousand volume.
The company’s idea is to distribute silver infused natural spring water. At the Friday price the market cap of AQUS is about $22 million.[BANNER]
This amount may be somewhat big for a company with no existing operations, less than a thousand dollars in cash and current liabilities in excess of $500 thousand.
The company states in its latest 10-Q it will require up to $1 million “… in order to meet its proposed business operations over the next twelve months.” Those will obviously not be coming from revenue for the time being, which leaves debt and equity financing as the only source of cash.
Of course, the promoter who was compensated $35 thousand for its services chooses to provide a “success story” – HANS.
Indeed, if AQUS manages to come close to the performance of HANS, it will turn out to be a great investment. However, traders and investors should do their due diligence before thinking such thing would be possible.
