One World Holdings Inc (OTCMKTS:OWOO) Keeps Sliding

[[tagnumber 0]][[tagnumber 1]]The stock performance of One World Holdings Inc (OTCMKTS:OWOO) isn’t exactly amusing, but is nothing that you wouldn’t expect from an OTC company. In the middle of last month the ticker registered a couple of surges, both in price and volume, which were mostly due to optimistic PR.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Since then, however, the company stock has had a hard time keeping its gains and has swayed in both directions. You shouldn’t look for the reason for this further than the company’s financial filings. [[tagnumber 6]]OWOO’s[[tagnumber 7]] report for the first quarter of this year was pretty disappointing.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 11]] [[tagnumber 12]]cash: $8 thousand[[tagnumber 13]] [[tagnumber 12]]current assets: $322 thousand[[tagnumber 13]] [[tagnumber 12]]current liabilities: $17 million[[tagnumber 13]] [[tagnumber 12]]quarterly revenues: $739 thousand[[tagnumber 13]] [[tagnumber 12]]operating loss: $498 thousand[[tagnumber 13]] [[tagnumber 22]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]When you dig just a little bit deeper you start to see that the [[tagnumber 6]]OWOO[[tagnumber 7]] management doesn’t really care for investors that much. Back on January 13, 2014 the company performed a 1 for 750 reverse split of their stock. On May 15, 2014 the outstanding shares were sitting at 26 million. Just one year later, on May 19, 2015 the company’s outstanding share count sits at 276 million.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Furthermore, considering the amount of convertible notes and the massive discounts at which they can be converted may cause further dilution. This is why it is no wonder that even further PR can’t help [[tagnumber 6]]OWOO[[tagnumber 7]] with its volatility.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]This month started with a massive 23.01% loss for the company stock and even though a fluff press release came out yesterday we saw the ticker drop another 13.93% to a close at $0.0055. The 25.58 million shares that changed their owners generated only $143 thousand as the ticker was sliding down the charts.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]][[tagnumber 6]]OWOO[[tagnumber 7]] remains one of the riskiest stocks out in the OTC marketplace. You should be sure to do your due diligence and weigh out the risks if you have any intentions of making a play with the ticker.[[tagnumber 2]]