Can iHookUp Social, Inc. (OTCMKTS:HKUP) Keep Its Positions

[[tagnumber 0]][[tagnumber 1]]There is no doubt that the stock performance of iHookUp Social, Inc. (OTCMKTS:HKUP) has been quite bad in the past couple of months despite all the effort the company is putting at increasing investor attention.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]The ticker has a habit of descending for long periods of time, spiking in one or two sessions and then returning back to its downward course. Despite the fact that [[tagnumber 6]]HKUP’s[[tagnumber 7]] market cap isn’t very big, however, we are not that surprised after a quick look at the balance sheet of their Q2 report.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 11]] [[tagnumber 12]]cash: $80,550[[tagnumber 13]] [[tagnumber 12]]current assets: $406,150[[tagnumber 13]] [[tagnumber 12]]total assets: $470,917[[tagnumber 13]] [[tagnumber 12]]current liabilities: $597,276[[tagnumber 13]] [[tagnumber 12]]revenues: $66,009[[tagnumber 13]] [[tagnumber 12]]net loss: $877,791[[tagnumber 13]] [[tagnumber 24]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]These are definitely not attractive numbers for a company that you would be willing to risk your hard money betting on. Still, we got some good news from the company last week that managed to provide for a hefty 80% gain during Thursday’s session on nearly $1 million in dollar volume.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]][[tagnumber 6]]HKUP[[tagnumber 7]] announced that their dating application has reached the 9[[tagnumber 34]]th[[tagnumber 35]] position in the ranking of the most downloaded social networking apps. This was enough to provide the mentioned spike, despite the bad reviews that give it 1 and a half stars after 1,790 ratings.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]The hype quickly dissipated and after [[tagnumber 6]]HKUP[[tagnumber 7]] gapped up to open 31% higher from the previous day’s close it quickly began to slide pushed by massive dumping and was sitting only 6.38% higher at the final bell in Friday’s session.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Today’s session also didn’t start well and [[tagnumber 6]]HKUP[[tagnumber 7]] is sitting 10% lower as of the writing of this article and might very well be back to its downward course. This is reason enough for you to do your due diligence and weigh out the risks before making an investment decision. [[tagnumber 2]]