Pleasant Kids Inc (OTCMKTS:PLKD) Shows Some Hesitation

[[tagnumber 0]][[tagnumber 1]]After a steep drop in the middle of this year we saw the stock of Pleasant Kids Inc (OTCMKTS:PLKD) begin to ascend the charts. The ticker did have its periods of descent, but the general direction in which it was headed was upward.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]One of the main reasons for the upward movement of [[tagnumber 6]]PLKD[[tagnumber 7]] is the 1 for 500 reverse split that the company carried out in the beginning of July. Still, although the company did reduce its outstanding share count by quite a lot it failed to do the same thing with the authorized shares, a thing that it used to counter suspicion for further dilution. Meanwhile, the numbers that [[tagnumber 6]]PLKD[[tagnumber 7]] recorded in the second quarter of the year look quite terrible.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 13]] [[tagnumber 14]]cash: ZERO[[tagnumber 15]] [[tagnumber 14]]current liabilities: $778 thousand[[tagnumber 15]] [[tagnumber 14]]quarterly revenues: $724[[tagnumber 15]] [[tagnumber 14]]quarterly net loss: $31 thousand[[tagnumber 15]] [[tagnumber 22]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]These figures certainly don’t inspire confidence and the lack of the report for the third quarter isn’t helping much either. The company did, however, announce that it has up–listed to the OTCQB tier Tuesday this week.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]This did provide for a rather good 44.72% push up during that day, but [[tagnumber 6]]PLKD[[tagnumber 7]] showed some hesitation, losing 5.83% in the following session. Yesterday the ticker managed to log in another 12.50% gain and finished the day with a price of $0.18 per share.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]][[tagnumber 6]]PLKD[[tagnumber 7]] isn’t looking very stable today either and we may see it close in the red. In any case, be sure to do your due diligence and weigh out the risks before putting any money on the line.[[tagnumber 2]]