Propanc Health Group Corp. (OTCMKTS:PPCH)’s Recovery Didn’t Last
Propanc Health Group Corp. (OTCMKTS:PPCH) ended up heading down again in yesterday’s trading, and losing a substantial part of its market cap by the time the session’s closing bell arrested its descent.
True enough, the company’s current dollar volumes aren’t really all that impressive, especially in light of its volatility a month ago, but that may well be taken as a bad sign. A sign that suggests that investors have lost interest in PPCH, in spite of the efforts of online commenters, such as Stocksntrade.com.
And really – who could blame investors if they did so? The figures in PPCH‘s latest financial report are simply atrocious:
- Cash – $14 thousand
- Total assets – $53 thousand
- Total current liabilities – $1.9 million
- NO REVENUES
- Quarterly net loss – $345 thousand
Those numbers can be called discouraging at best – and that’s before you add the fact that PPCH more than doubled its share count between Nov. 19, 2014 to Feb. 16, 2015, and the inevitable realization that the threat of dilution is far from over.
With this in mind, is it really any wonder that the ticker is headed down, and that it will likely continue to do so until PPCH can find a way to get back in the investors’ good graces?