Pleasant Kids Inc (OTCMKTS:PLKD) Slips
[[tagnumber 0]][[tagnumber 1]]The stock of Pleasant Kids Inc (OTCMKTS:PLKD) has been doing rather well in the past few months. The ticker has been climbing the charts and we have even seen a significant increase in daily volumes lately.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Still, [[tagnumber 6]]PLKD[[tagnumber 7]] is in a pretty bad shape when you look at the fundamentals. As we previously wrote, the company was going to sell a line of healthy alkalized water for kids. Things, however, didn’t go as expected and PLKD suffered the consequences, some of which are visible when you look at the numbers of the second quarter of this year.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 11]] [[tagnumber 12]]cash: ZERO[[tagnumber 13]] [[tagnumber 12]]current assets: $27 thousand[[tagnumber 13]] [[tagnumber 12]]current liabilities: $778 thousand[[tagnumber 13]] [[tagnumber 12]]revenues: $724[[tagnumber 13]] [[tagnumber 12]]net loss: $31 thousand[[tagnumber 13]] [[tagnumber 22]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]These terrible numbers didn’t stop the stock of [[tagnumber 6]]PLKD[[tagnumber 7]] from climbing the charts. Lately, the company has been attracting investor attention through optimistic press releases. Yesterday we saw a new PR that announced the filing of a request to have the company stock listed on the OTCQB tier.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Despite the positive news, however, we saw [[tagnumber 6]]PLKD[[tagnumber 7]] drop 9.65% and close the session with a price of $0.103. A total of 1.88 million shares changed their owners and generated $190 thousand in daily dollar volume.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]We see some more hesitation in today’s trading and [[tagnumber 6]]PLKD[[tagnumber 7]] might finish the week in the red, even drop below the 10 cent per share mark, so be sure to do your due diligence and weigh out the risks before putting any money on the line.[[tagnumber 2]]
