Cool Technologies Inc (OTCMKTS:WARM) Takes A Beating

The last time we wrote about Cool Technologies Inc (OTCMKTS:WARM) was way back in mid-February when the company had embarked on an impressive upward run, finishing green in every session over a period of about two weeks.

Back then there were some discrepancies between the information contained in the company’s OTC marketplace and the one provided to the SEC, but things have been fixed by now. Meanwhile, WARM continues to miss what it takes to receive positive investor attention. Here are just some of the numbers contained in the company’s report for Q1 of this year.

• cash: $222 thousand
• current assets: $517 thousand
• current liabilities: $4.13 million
• revenues: ZERO
• net loss: $2.53 million

Those numbers are far from good, especially when you consider that WARM is valued at more than $10 million. On the other hand, the company has made some progress in acquiring more cash and increasing its current assets. The liabilities and the quarterly net loss, however, have also gone up significantly.

There is also a general lack of interest, apparent by the emptiness of investor message boards. This and the fact that WARM hasn’t made any press releases recently might be the reasons for yesterday’s 21.97% crash that the company stock suffered on increased volume. As the ticker was headed for a close at 13 cents we saw some 693 thousand shares change their owners, which generated only $99 thousand in daily trade value at those prices.

WARM is trying to recover some of the lost value in today’s session, but you should still be sure to do your due diligence and weigh out the risks before putting any money on the line.