Cocrystal Pharma Inc (OTCBB:COCP) Gets Corrected Before The Weekend

[[tagnumber 0]][[tagnumber 1]]After an impressive performance in the beginning of the year we saw Cocrystal Pharma Inc (OTCBB:COCP) lose altitude in recent months and it didn’t look like things were going to get better, as the ticker was merely able to stabilize for short periods before plummeting once again.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]This month, however, started quite impressively for now apparent reason. [[tagnumber 6]]COCP[[tagnumber 7]] is used to making small percentile movements so the 16.13% jump that it experienced last Thursday was quite impressive, especially when you consider the fact that it was not caused by any ne press releases, financial reports or paid promotions.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]However, the market cap of the company was already quite high for a company listed on the OTC marketplace, sitting at more than $600 million before the start of Friday’s session, despite the fact that [[tagnumber 6]]COCP[[tagnumber 7]] has some pretty decent financials.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 17]] [[tagnumber 18]]cash: $15.78 million[[tagnumber 19]] [[tagnumber 18]]current assets: $16.32 million[[tagnumber 19]] [[tagnumber 18]]current liabilities: $7.34 million[[tagnumber 19]] [[tagnumber 18]]quarterly revenues: $27 thousand[[tagnumber 19]] [[tagnumber 18]]quarterly net loss: $2.62 million[[tagnumber 19]] [[tagnumber 28]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Those are surely some impressive numbers by OTC standards and we see that [[tagnumber 6]]COCP[[tagnumber 7]] has started generating revenues, although they are still quite small. The trouble is that the cash that the company has managed to obtain was through the issuance of common stock which has caused a lot of dilution.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]As we have previously warned you about in our articles, the number of outstanding shares of [[tagnumber 6]]COCP[[tagnumber 7]] stock has risen from [[tagnumber 6]]122 MILLION[[tagnumber 7]] to a massive [[tagnumber 6]]694 MILLION[[tagnumber 7]] in the period between August 8, 2014 and August 13, 2015.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]This massive amount of stock is the reason for which [[tagnumber 6]]COCP[[tagnumber 7]] can be quite volatile at times and it is no surprise that it was quickly corrected after the unexplainable surge that it experienced last Thursday. In Friday’s session we saw the ticker drop 11.11% and close at $0.80 as a total of 425 thousand shares changed their owners and generated $354 thousand in daily dollar volume.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]And while there are still no news surrounding the company we see that the ticker is sitting 5% up as of the writing of this article. Will it continue to grow, or return to its slide is for time to tell. One thing is for certain and it is that you should do your due diligence and weigh out the risks before putting any money on the line.[[tagnumber 2]]