Greengro Technologies Inc (OTCMKTS:GRNH) Climbing The Charts

[[tagnumber 0]][[tagnumber 1]]Greengro Technologies Inc (OTCMKTS:GRNH) began ascending the charts in the beginning of March and managed to acquire quite a lot of value, while we saw a significant increase in volume. There were a couple of setbacks but the ticker managed to reach above the 10 cent per share mark last month.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Meanwhile, the company continued to issue optimistic press releases that attracted investor interest. Unfortunately, the numbers contained in the balance sheet of [[tagnumber 6]]GRNH[[tagnumber 7]] aren’t that pleasant. Here is a quick example of some of the contents of the company’s financial report for the fiscal 2015.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 11]] [[tagnumber 12]]cash: $39 thousand[[tagnumber 13]] [[tagnumber 12]]current assets: $747 thousand[[tagnumber 13]] [[tagnumber 12]]current liabilities: $260 thousand[[tagnumber 13]] [[tagnumber 12]]annual revenues: $569 thousand[[tagnumber 13]] [[tagnumber 12]]annual net loss: $3.5 million[[tagnumber 13]] [[tagnumber 22]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Those numbers certainly don’t inspire confidence, but at least we can say that [[tagnumber 6]]GRNH[[tagnumber 7]] doesn’t have a lot of liabilities. Still, the small amount of cash on hand remains a huge warning sign that might lead to the acquisition of capital by issuance of shares at discounted prices, leading to dilution.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]We saw [[tagnumber 6]]GRNH[[tagnumber 7]] slide down the charts in the second half of last month and things looked pretty bad. This month, however, started rather well and we see [[tagnumber 6]]GRNH[[tagnumber 7]] regaining the value it had lost. Yesterday the ticker climbed 13.32% and closed at $0.0842 per share, generating $461 thousand in daily dollar volume.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]The upward movement isn’t the result of any new press releases which is rather strange. Only time will tell how far up [[tagnumber 6]]GRNH[[tagnumber 7]] can go and you should be certain to do your due diligence and weigh out the risks before putting any money on the line.[[tagnumber 2]]