Alkaline Water Company Inc (OTCMKTS:WTER) Sliding Lower

[[tagnumber 0]][[tagnumber 1]]This year has been a rollercoaster for Alkaline Water Company Inc (OTCMKTS:WTER) and its stock. Unfortunately, the latest months have seen the ticker decline and it doesn’t seem like there is enough to push it back up again.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]This week has proved no different. Meanwhile, the company issued their financial report for the second quarter of the fiscal year 2016. The report covering the period ended September 30 contained the following numbers of prime interest.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 9]] [[tagnumber 10]]cash: $38 thousand[[tagnumber 11]] [[tagnumber 10]]current assets: $963 thousand[[tagnumber 11]] [[tagnumber 10]]current liabilities: $2.2 million[[tagnumber 11]] [[tagnumber 10]]quarterly revenues: $1.71 million[[tagnumber 11]] [[tagnumber 10]]quarterly net loss: $994 thousand[[tagnumber 11]] [[tagnumber 20]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]We see that the company’s cash on hand positions have gotten worse, while the total liabilities have increased. Fortunately, so have the revenues and the net loss has been lowered significantly compared to the previous quarter.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Still, the filing didn’t manage to boost investor confidence and we saw [[tagnumber 28]]WTER[[tagnumber 29]] slide 11.95% down in yesterday’s session and close at $0.07. A total of 1.25 million shares changed their owners and generated $91 thousand in daily dollar volume.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Due to the lack of new press releases we might see [[tagnumber 28]]WTER[[tagnumber 29]] sink even further down the charts so be sure to do your due diligence and weigh out the risks before putting any money on the line.[[tagnumber 2]]