Cabo Verde Capital Inc. (OTCMKTS:CAPV) Explodes Into Motion
Cabo Verde Capital Inc. (OTCMKTS:CAPV) Made another spectacular jump on Friday – but was the investors’ enthusiasm really warranted?
Well, that’s just the thing. It seems like something has attracted the investors attention towards the stock, in spite of the lack of news about CAPV.
Looking at just the charts, one might well conclude that this ticker has been targeted by a low-profile but otherwise successful pump campaign. Interestingly enough, that doesn’t seem to be the case.
The company doesn’t have any new filings either, and the ones that are currently on its OTC Markets page are not just unimpressive – they are severely outdated as well. Still, they can be of some use to diligent investors, as they are quite indicative of the company’s nature:
- Cash & Total current assets – $10 (NUMBER NOT IN THOUSANDS)
- Total current liabilities – 4.5 MILLION
- No revenues for Q2 2015
- Net Loss for Q2 2015 – 25 thousand
The report also claims that the company has nearly 37 million in long-term assets in the form of buildings and investments, however when in light of the other numbers in CAPV‘s report, this claim should probably be taken with a grain of salt.
Long story short, CAPV doesn’t seem to have anything at all going for it, yet its stock has somehow become liquid once more. Suffice it to say that judging by the due diligence, the chances of this jump continuing, or the ticker even retaining its gains, look slim indeed.
This is, of course, not to say that opportunistic traders can’t make money out of this one. As long as it remains liquid and volatile, the opportunity for profit will always be there. Still, investors should be careful, as mere days ago, CAPV was neither of those things, and once the hype surrounding it dissipates it will probably return to obscurity once more.
Investors should take those facts and possibilities into account when considering CAPV.
