Is Kimberly Parry Organics Corp (OTCMKTS:KPOC) Reaching Unstable Price Ranges?

The recent chart performance of Kimberly Parry Organics Corp (OTCMKTS:KPOC) has been nothing short of amazing. The stock has been forming a consistent uptrend logging in nine sessions of gains in a row. Although it is true that the daily jumps have not been that big the steady climb has allowed KPOC to move 40% above their August 18 opening price of 50 cents per share. Can the positive momentum be sustained though?

Well, at the moment the shares of the company are priced at $0.702 and as a result KPOC‘s market valuation has surpassed $80 million. At the same time the fundamentals of the company are more than atrocious. The latest financial report covers the quarter ending February 28 and according to it back then KPOC had:

• ZERO cash
• $252 thousand total current assets
• $2.9 million current liabilities
• $39 thousand quarterly revenues
• $95 thousand quarterly net loss

You might say that these numbers are now six months old and you would be right. A more up-to-date picture should be provided by the annual report – KPOC have until today to file it but will they manage to do so? The company has been having some serious troubles with its filings. The quarterly report was submitted three months after the required deadline while for 2014 the picture is even more troubling – only two reports and they were filed in January, this year.

The red flags don’t stop there. In April 2014 KPOC performed a massive 1-for-8000 reverse split which reduced the outstanding shares of the company to a little over a million. However, on June 3, 2014, over 152 million shares were issued as a reduction of a note payable. The shares were valued at $0.0001.

With the stock having appreciated so much recently chasing after it may be a risky decision. Not to mention that if the annual report does get filed and the numbers inside it are still as grim it might cause KPOC to start crashing down the chart.