COASTAL INTGRTD SVCS (OTCMKTS:COLV) Slides Further Down The Charts

[[tagnumber 0]][[tagnumber 1]]We recently began writing about COASTAL INTGRTD SVCS (OTCMKTS:COLV) and the reason for this wasn’t very good. After a long time of being a highly–illiquid stock the company finally managed to attract investor attention, but this happened by the aid of a paid promotion.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]The pump was led by the Stock Tips newsletter and its fictional editor Mike Statler. The compensation was reported to be $4.5 million, but it is highly unlikely that someone paid that amount of money for the promotion of [[tagnumber 6]]COLV.[[tagnumber 7]] The company itself is a mess. It’s quite easy to find out what it had to show in the first quarter of the year and the numbers are devastating.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 11]] [[tagnumber 12]]cash: $794!!![[tagnumber 13]] [[tagnumber 12]]total assets: $794!!![[tagnumber 13]] [[tagnumber 12]]current liabilities: $256 thousand[[tagnumber 13]] [[tagnumber 12]]revenue: ZERO[[tagnumber 13]] [[tagnumber 12]]net loss: $19 thousand[[tagnumber 13]] [[tagnumber 22]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Still, there is the matter of the 52 million shares that were issued last year at a price of $0.001 as a conversion of debt. There is no doubt that the people holding those shares would very much like to cash in on their holdings and the only way to do this with a stock that often registers sessions without a single trade is a paid promotion.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]The promotions carried out by Stock Tips, however, often turn out to be devastating for the retail investor. After the pump ends the stocks usually lose around 90% of their value and the latest sessions show that [[tagnumber 6]]COLV[[tagnumber 7]] might be headed down that alley.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Yesterday the company stock recorded its fourth red session in a row in which it lost 23.89% of value and dropped to $0.043 per share. We saw 5.28 million shares change their owners and generated $241 thousand in daily dollar volume.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Today’s session is also going badly and [[tagnumber 6]]COLV[[tagnumber 7]] is 11.63% down as of the writing of this article. Considering the current market cap of around $15 million, the atrocious financials and the fact that the company stock is relying solely on pump–generated hype should be noted and you should be very careful when approaching [[tagnumber 6]]COLV.[[tagnumber 7]][[tagnumber 2]]