Domark International Inc (NDA) (PINK:DOMK) With a New Modest Pump
There is a saying that there are two types of people – the ones who love Apple’s iPhone and the ones who prefer Samsung’s Galaxy creations. If you however are a fan of both the Samsung and the Apple, and you need to charge your mobiles on the move while saving the planet, then Domark International Inc (NDA) (PINK:DOMK) have the device for you. Actually, they will have the device for you… eventually.
They are planning to launch a solar charger through which you will be able to top up the battery of your beloved smartphone just by inserting the mobile in a slot and leaving it in the sun. There will be no wires, no need for a power outlet and the whole thing sounds absolutely great. And if we have to be fair, while we’re struggling to see how a person will own two of the world’s most expensive mobile phones at the same time, the fact that DOMK‘s charger will be compatible with both of them is certainly a good thing since there will be more people who will be able to take advantage of the revolutionary contraption. There’s only one problem – it’s not ready yet.
When will you be able to buy it? Well, the press release that was issued yesterday says that they have done some testing, they will now need to do some more and the charger will be in an electronics shop near you around August 1. We’ll be sure to check if that turns out to be the case but, until then, we have our doubts.
Currently, DOMK have the badge Pink Limited Information on their company profile on the OTC Markets, because their latest quarterly financial statement covers the period before November 31 and in it, we read that that charger will be on sale by “early 2013”. As you can see, they missed the deadline by quite a distance and, if we have to be completely honest, we’re struggling to see how they will be able to meet the new one considering the rather dreary financial situation that they’re in. Here are the figures:
- cash: $6 thousand
- current liabilities: $965 thousand
- quarterly revenue: $16 thousand
- quarterly net loss: $942 thousand
In the interest of fairness we should point out that this information is quite outdated and we can’t wait for the new statement to arrive, although the fact that there are no products currently on sale, makes us somewhat skeptical about the possibilities of some more impressive financials.
Nevertheless, there is a new promotion running for DOMK right now, and although we have received only a couple of emails, the fact that there are quite a lot of people being compensated to bring in some positivism all around the message boards suggests that the total budget is bigger than the $5 thousand that 24-7 Stock Alert’s disclaimer discloses. Whatever the full compensation is, if DOMK‘s performance resembles the one from November last year, the ticker is in for quite a drop.
Back then the effort was quite a lot more aggressive and some big promoters with even bigger compensations were all over DOMK for a couple of days. The excitement was huge and so was the trading volume. The result? 74% down since then and quite a lot burned investors.
While this time, the effect could be a lot smaller, you should still be extremely careful and you should still have in mind that even if you are in for a day trade and a quick profit, the risks are quite high and you should carefully consider how much you can afford to lose before jumping in.
