Neutra Corp (OTCMKTS:NTRR) Wipes A Fifth of Its Price
After running up the chart for five sessions in a row and nearly tripling its price the stock of Neutra Corp. (OTCMKTS:NTRR) suffered a harsh hit right before the holiday. Despite the reduced duration of the session investors were determined to take their profits at the current inflated prices and the volume for the day reached 1.6 million shares. As a result the stock started losing positions almost from the get-go standing more than 22% lower at $0.421 at the time of the closing bell.
On the same day NTRR issued yet another fluff PR article that failed to stop the stock from crashing. In it the company talked about their joint venture with Vertigo Technologies and their turn-key solutions for indoor horticulturalists. If you have been following our articles about NTRR you would know that this joint venture agreement dates back to June 5, 2013 and that since then it has, unfortunaly, generated absolutely no revenues for the company.
The fate of the other four joint ventures has been exactly the same. The recently filed financial report for the quarter ending April 30 revealed that back then NTRR had:
• $114 thousand cash and total assets
• $224 thousand total current liabilities
• ZERO revenues
• $360 thousand net loss
• $224 thousand total current liabilities
• ZERO revenues
• $360 thousand net loss
Thanks to the report investors also learned that the massive dilution of NTRR‘s common stock has still been going on. Just for the three months covered by the quarterly another 5.4 million shares were issued priced at just $0.01 each. The conversion of debt didn’t stop there and for the month of May the outstanding shares increased by 1.8 million. On April 30 a new convertible note for $395 thousand with a conversion price of $0.05 was signed so investors could expect even more extremely cheap shares to hit the market.
With so many red flags you might be wondering how the recent climb was even possible. Well, on June 26 NTRR announced that their subsidiary Diamond Anvil Designs is going to launch a new vaporizer pen in mid-July. We will see if this will truly be the case in just a couple of weeks but until then NTTRR is more than likely going to remain a highly volatile choice. 
Plan you investment carefully and don’t underestimate the risks associated with the stock.
Plan you investment carefully and don’t underestimate the risks associated with the stock. 