On May 31 Kurrant Mobile Catering, Inc. (OTC:KRMC) filed notification of late filing for its annual report. The notification gave them an extension of 15 calendar days. The extension expired yesterday.
The results from the tardy approach of KRMC were a 28.95% drop and a $0.0027 close on 14.8 million shares.
The company’s policy towards shareholders’ interest doesn’t seem to be working, at least not for the benefit of said shareholders. Compared to the explosive session on May 2, KRMC has lost nearly 97% of is value.[BANNER]
While KRMC hasn’t filed the required 10-K, they managed to squeeze in two 8-Ks for unregistered sale of securities, bringing further dilution to shareholders.
On June 13 the company announced the coming release of the authorized biography of Carlos Slim: The Richest Man in the World.
The seemingly exciting news didn’t manage to do much for the price of KRMC. Partly because it’s the “coming” release, and there is no indication when that would actually be and partly because of the lack of recent financial data.
If KRMC is to stop this steep dive, it would have to come up with something spectacular and convincing.
