Pleasant Kids Inc. (OTCMKTS:PLKD) Is Still Soaring

Yesterday, Pleasant Kids Inc. (OTCMKTS:PLKD) registered its most active trading day in more than a year, adding another 15.79% to its market value. But how long will that last?

The ticker has experienced some pretty impressive climbs in the last two weeks or so. However, doing due diligence on PLKD yields only one realization – things don’t look good.

Truth be told, it’s a miracle that PLKD even managed to get this far up the charts, since its upward momentum doesn’t seem to be based on anything substantial.

The company’s latest financial report showed the following abysmally low numbers:

• NO CASH
• current assets – $27 thousand
• current liabilities – $778 thousand
• quarterly revenues – $724 (NUMBER NOT IN THOUSANDS)
• quarterly net loss – $31 thousand

Having literally no cash on hand and a quarterly revenue total of less than a thousand dollars is not a reassuring state of developments. This is an undisputable fact, and no matter how much PLKD struggles to draw attention away from it in its boastful PR, investors should definitely keep it in mind, as it will surely be an important factor for the ticker’s future movements.

Another thing to keep in mind is the company’s proneness to questionable share-structure related activities. Suffice it to say that before the 1 for 500 reverse stock split of July 6, 2015 PLKD had 7.3 BILLION shares outstanding. After the split, that number was cut down to a more manageable 14 million. However, as of September 1, 2015 PLKD‘s shares issued and outstanding had already balooned over the 16 million threshold.

Investors should decide on their own what these facts mean for PLKD‘s future prospects.