How Long Can Tapinator Inc (OTCMKTS:TAPM) Last

[[tagnumber 0]][[tagnumber 1]]The last time we wrote about the stock of Tapinator Inc (OTCMKTS:TAPM) was back in the beginning of September when the ticker was sliding down the charts after showing some impressive performance in the end of August and climbing above the 50 cent per share mark.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]As we said back then, the company is pretty decent for an OTC listed entity. It has launched more than 100 games and is still making progress. The numbers contained in its financial reports are also showing improvements. [[tagnumber 6]]TAPM[[tagnumber 7]] recently filed their report for the third quarter of the year which contained the following numbers of prime interest.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 11]] [[tagnumber 12]]cash: $1.79 million[[tagnumber 13]] [[tagnumber 12]]current assets: $2.15 million[[tagnumber 13]] [[tagnumber 12]]current liabilities: $316 thousand[[tagnumber 13]] [[tagnumber 12]]quarterly revenues: $728 thousand[[tagnumber 13]] [[tagnumber 12]]quarterly net loss: $582 thousand[[tagnumber 13]] [[tagnumber 22]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]We see some solid cash reserve, some rather low liabilities and decent revenues that are growing both quarter–over–quarter and year–over–year. This time we also saw a significant decrease in net loss, mainly due to the lack of any of it being in the form of change in derivative liabilities.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Earlier this month we also saw [[tagnumber 6]]TAPM[[tagnumber 7]] make an optimistic press release in which it announced that it will enter the $680 million MENA mobile game market. The ticker has been gaining weight since and the latest 13.16% push up from yesterday brought it to $0.43, while a total of 249 thousand traded shares generated $102 thousand in daily dollar volume.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Meanwhile, the paid promotional campaign carried out by TomorrowsBlueChips is ongoing. Unfortunately, it seems that [[tagnumber 6]]TAPM[[tagnumber 7]] has reached as high as it can get and the people who have been trading it lately are in for a nasty surprise. After some heavy trading in the beginning of this session we see the ticker 29.07% down, having lost almost all of the gains it made recently.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]In any case, be sure to do your due diligence and weigh out the risks before putting any money on the line.[[tagnumber 2]]