CATASYS INC (OTCMKTS:CATS) Sinks Further Down The Charts

[[tagnumber 0]][[tagnumber 1]]CATASYS INC (OTCMKTS:CATS)’s stock is yet another ticker that was virtually untradable since the beginning of the year. Its daily percentile movements were also not very impressive and the stock was hovering around the $2 per share mark through most of the first quarter.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]More recently, however, [[tagnumber 6]]CATS[[tagnumber 7]] received a bit more attention. Unfortunately, it wasn’t for the better. On May 12, a paid promotion of the company stock began to raise investor interest. Instead of pushing the price up, however, the pump pushed it down on record volumes.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]The quarterly report that came in Friday also didn’t manage to do much good to [[tagnumber 6]]CATS[[tagnumber 7]]. It contained the following numbers in its balance sheet.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 17]] [[tagnumber 18]]cash: $84 thousand[[tagnumber 19]] [[tagnumber 18]]current assets: $524 thousand[[tagnumber 19]] [[tagnumber 18]]current liabilities: $3.6 million[[tagnumber 19]] [[tagnumber 18]]total liabilities: $41.75 million[[tagnumber 19]] [[tagnumber 18]]quarterly revenues: $433 thousand[[tagnumber 19]] [[tagnumber 18]]quarterly net loss: $260 thousand[[tagnumber 19]] [[tagnumber 30]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]From these numbers we can see that [[tagnumber 6]]CATS[[tagnumber 7]] is still not doing very well when it comes to finances and the market cap which is higher than $32 million is indeed quite inflated. The stock’s reaction from yesterday just proved that.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]During the six and a half hours of trading we saw [[tagnumber 6]]CATS[[tagnumber 7]] drop 22.16% in value and close at a price of $1.30. Another volume surge provided for a total of 167 thousand traded shares and a daily dollar volume of $209 thousand.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]The company has tried to patch things up with a press release earlier today, but so far it’s not working. [[tagnumber 6]]CATS[[tagnumber 7]] is sitting 3.85% lower from yesterday’s close as of the writing of this article and there is no way of telling if it will drop further.[[tagnumber 2]]