COASTAL INTGRTD SVCS (OTCMKTS:COLV) Struggling To Find Its Direction

[[tagnumber 0]][[tagnumber 1]]The stock of COASTAL INTGRTD SVCS (OTCMKTS:COLV) received very little attention for quite some time and even had some days without a single trade. That all changed, however, as the ticker became the target of a massive $4.5 million pump, one of the biggest in recent OTC history.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]The company itself doesn’t really have what it takes to command investor attention. There have been no recent press releases and the numbers contained in the balance sheet of [[tagnumber 6]]COLV’s[[tagnumber 7]] report for the first quarter of this year look very disappointing.[[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]]revenues: ZERO[[tagnumber 13]] [[tagnumber 12]]net loss: $19 thousand[[tagnumber 13]] [[tagnumber 22]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Surely not something that you would expect to find in the ledgers of a company that commands a market cap of more than $30 million. And this is the exact reason for which [[tagnumber 6]]COLV[[tagnumber 7]] has been so volatile after the pump began.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]The very start of the promotion started red and the volumes suddenly peaked, generated $3.54 million in daily trade value in the first session of the month. Since then the ticker managed to register some sessions in the green, but this week started rather slow and [[tagnumber 6]]COLV[[tagnumber 7]] dropped a further 29.70% in Tuesday’s session.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Yesterday we saw the company stock climb 15.91%, regaining some lost value and closing at $0.11. The daily volumes aren’t as big as the one at the beginning of the month and the 3.36 million shares that changed their owners yesterday generated $335 thousand in daily trade value.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Considering the massive promotional campaign, the horrible financial results of [[tagnumber 6]]COLV,[[tagnumber 7]] the 52 million shares that saw the light of day at a price of just $0.001 as a conversion of debt last year and the lack of news from the company we can’t think of a riskier play than this in the OTC markets. [[tagnumber 2]]