Pleasant Kids Inc (OTCMTKS:PLKD) Climbing Higher

[[tagnumber 0]][[tagnumber 1]]Pleasant Kids Inc (OTCMKTS:PLKD) has been going on an amazing upward run for quite some time now and it is just a miracle that things haven’t gone south already. The company stock is being pushed mainly by an announcement of a reverse merger that is not yet finalized.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]][[tagnumber 6]]PLKD[[tagnumber 7]] itself is in a bad situation. The company failed in its attempt to create a business with alkalized water for children and the final results weren’t pretty. The latest financial report shows this quite clearly.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 11]] [[tagnumber 12]]cash: ZERO[[tagnumber 13]] [[tagnumber 12]]current liabilities: $778 thousand[[tagnumber 13]] [[tagnumber 12]]quarterly revenues: $724[[tagnumber 13]] [[tagnumber 12]]quarterly net loss: $31 thousand[[tagnumber 13]] [[tagnumber 20]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Those dreadful numbers haven’t stopped [[tagnumber 6]]PLKD[[tagnumber 7]] from climbing the charts, however. After a bit of a tumble in the beginning of the month we saw the ticker begin to climb the charts back up for no apparent reason.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]The first session of this week saw [[tagnumber 6]]PLKD[[tagnumber 7]] gain 10.77% in value and close at $0.36. A total of 672 thousand shares changed their owners and generated $219 thousand in daily dollar volume, showing that trading is stabilizing.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]It appears that this trend might continue although we do see some hesitation in [[tagnumber 6]]PLKD’s[[tagnumber 7]] movements today. In any case, be sure to do your due diligence and weigh out the risks before attempting any trades.[[tagnumber 2]]