Pazoo Inc (OTCMKTS:PZOO)’s Pump Turns Sour
Pazoo Inc (OTCMKTS:PZOO) lost another 6.15% of its market value in yesterday’s trading session, and looks like it is headed to double zeros again now that the pump’s momentum has been spent.
PZOO had a bit of a bounce as a round of paid pumps hit the web on May 18. The pumpers put the company’s name in the tout alongside monumental companies such as Netflix, Inc. (NASDAQ:NFLX), but it is all too clear what the whole ordeal was about, seeing as how said pumpers were paid in PZOO stock.
Hopes also ran high that the company’s 10-Q for the first quarter of 2015 will present PZOO in a positive light. Suffice it to say, the information said quarterly was to provide would have been an invaluable tool for due diligence on PZOO.
Unfortunately, at this point said report is more than a week overdue and PZOO‘s OTC Markets profile bears the shameful “Limited Information” stamp, which is probably why investors are losing faith in the company once more.
Truth be told, it is hard to see why said investors had any confidence in PZOO in the first place, seeing as how its latest financial report showed these meager numbers:
- Cash – $733 thousand
- Total assets – $848 thousand
- Total current liabilities – 3.6 million
- Revenues – $111 thousand
- Gross profit – $110 thousand
- Net loss – $4.8 million
Said figures are certainly disconcerting – but not as horrifying as the fact that Back Since Dec. 2014, the number of the company’s common shares outstanding has jumped from 193 million to a staggering 525 million, as of May 13.
Investors should punch all these figures into a calculator and see what comes out, before jumping on the PZOO hype train.
