AeroGrow International, Inc. (OTCMKTS:AERO) Digs Further Down The Charts

[[tagnumber 0]][[tagnumber 1]]Lately, the stock of AeroGrow International, Inc. (OTCMKTS:AERO) hasn’t been doing very well. After a swift ascend that left the ticker at the footsteps of the $5 per share mark in February the stock’s price began to decline and we saw it stabilize around the $3 mark in the past couple of months.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]In the end of June, however, we saw the ticker begin to descent the charts once again and the reason for this was apparently the annual report that the company filed. Here is a glimpse of some of the numbers of prime interest that were contained in the company’s balance sheet.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 9]] [[tagnumber 10]]cash: $1 million[[tagnumber 11]] [[tagnumber 10]]current assets: $5.2 million[[tagnumber 11]] [[tagnumber 10]]current liabilities: $4.5 million[[tagnumber 11]] [[tagnumber 10]]annual revenues: $17.9 million[[tagnumber 11]] [[tagnumber 10]]annual net loss: $191 thousand[[tagnumber 11]] [[tagnumber 20]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Apart from the respectable revenues that the company is generating we are noticing quite the decrease in cash and [[tagnumber 24]]AERO[[tagnumber 25]] is yet to become a profitable entity. However, the company will manage to continue its operations as it becomes evident from a July 9 press release that announced a $6 million short–term loan from Scotts Miracle–Gro Company.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Unfortunately, the interest to the loan will be paid in company stock so there will be some dilution. The terms of the agreement are outlined in an 8–K form that was filed on Friday. The news, however, pushed the stock down and [[tagnumber 24]]AERO[[tagnumber 25]] lost 4.17% in Monday’s session.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Yesterday ended with another 10.87% loss and the ticker found itself sitting at $2.05 a pop at the closing bell. A total of 69 thousand shares changed their owners and generated $148 thousand in daily dollar volume as [[tagnumber 24]]AERO[[tagnumber 25]] reached a new 52–week low.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Today we see the ticker trying to stabilize but you should still be sure to do your due diligence and weigh out the risks before putting any money on the line. [[tagnumber 2]]