Changing Technologies Inc (OTCBB:CHGT) Bounces on PR

Changing Technologies Inc (OTCBB:CHGT) had a nasty slide from Nov. 4 to Nov. 11, but now that fall appears to be over in light of yesterday’s bounce.

Said session saw CHGT rise back above the $1 per share mark. The company’s market cap was pushed all the way back up to $73 million, on the “exciting news” that CHGT is “working to expand our 3D printing footprint internationally and with Canada fully on board with 3D printing, we are excited about the possibility of acquiring licensing and printing partners there”.

Surprisingly enough, investors seem to have bought that, and the ticker jumped 19.75% up the charts. Why is it that surprising?

Because, as things are, it doesn’t look like CHGT is capable of capitalizing on ANY market, what with the ALL the company’s assets having a total value of $26 thousand. Not terribly impressive, that number. Just like the rest of the report it came from. it is shockingly inadequate for a company as boastful as CHGT.

How does one plan on “setting up shop across Canada to meet the growing demand for this kind of cutting-edge technology” with just $26 thousand, seems to be the million dollar question here. And, so far, CHGT seems to be doing an excellent job of dodging it, choosing to focus instead on optimistic trivia about 3D printing.

Well, investors are advised to think critically on every single word CHGT says in its press releases. “Wohlers” may have well said that “the global 3D printing market eclipsed $3 billion last year”… but how much of that money can flow into CHGT‘s hands?

As it is, CHGT‘s resources are extremely limited, its market cap is ridiculously high, and its share structure is already terrible.

Four words come to mind in this case – let the buyer beware.