Kimberly Parry Organics Corp (OTCMKTS:KPOC) Accelerates Its Drop

For the past four sessions the stock of Kimberly Parry Organics Corp (OTCMKTS:KPOC) has been going nowhere but down and it seems that the losses are only going bigger. Last Friday the company crashed by close to 11% and and dropped to a little over $0.73 per share. Will the ticker manage to stabilize or will it fall even further down?

Lately KPOC have been issuing some positive PRs. At the end of September they announced an order of 12,500 units for the Asian Pacific while more recently KPOC hired two firms to help them expand their media and brand exposure. The problem is that for now the company remains completely disconnected from its market valuation. Currently Kimberly Parry commands a market cap of $83.9 million while they finished the quarter ended August 31 with:

• $37.5 thousand cash
• $314 thousand total current assets
• $1.7 million total current liabilities
• $116 thousand revenue
• $60 thousand net loss

The balance sheet does show some significant improvements especially when you consider the fact that at the end of May KPOC actually had ZERO cash reserves. Not to mention that in just a quarter the company has managed to generate nearly half of the revenues for its entire previous fiscal year. For now though the numbers remain rather underwhelming and they cannot support the over-inflated prices of the stock.

Investors should also take into account the 10,820,000 common shares that were issued back in February. The shares were used to repay a note payable in the amount of $10 thousand plus $820 in accrued interest meaning that each share was priced at $0.001. In the report however it is stated that the shares were valued at $0.05. Even if they indeed were when at the moment KPOC is sitting at $0.73 the people who received the shares could still reap millions in gains.