Topaz Resources, Inc. is yet another company with nothing substantial to show. Previously engaged in the germ elimination business they now try to run oil and gas exploration business. Aside from their supposed expertise in the field these guys have no cash nor assets to pull off their business plan.
The only way for them to proceed is by selling stock/options/warrants going into debt and diluting shareholders as they try to build up an operating business. Starting the business with a forward stock split they kind of just gave a heads up, saying the number of shares just cannot stay low. Obviously no company would do a forward split if their shares already traded below $1. Is there a promotion campaign up ahead? I’m surely looking forward to see what happens next.
