Propanc Health Group Corp. (OTCMKTS:PPCH) Falls Even Further
Propanc Health Group Corp. (OTCMKTS:PPCH) just can’t seem to halt its slide – the company lost another 19.46% of its market value on Friday, and doesn’t seem to show any sign that this state of developments will change any time soon. Why?
Because, as we’ve discussed on occasion before, PPCH does not appear to have anything substantial to offer in terms of investor value.
True, the company does manage to make explosive jumps on occasion, but those are over as soon as the hype dissipates. After its volatility is spent, PPCH continues back on its way down.
There’s a good reason for its descent – and it’s a simple one. The company has nothing to keep it afloat. It’s as simple as that.
PPCH‘s financials look simply atrocious:
- Cash – $168 thousand
- Current Assets – $308 thousand
- Current Liabilities – $2.1 million
- NO REVENUES
- Net Loss – $454 thousand
And to top it off, the company’s share structure looks even more grim:
as of November 19, 2014 PPCH had 91 shares of common stock
as of February 16, 2015 PPCH had 192 million shares of common stock
as of May 15, 2015. PPCH had 335 million shares of common stock
Long term PPCH investors and opportunistic traders alike should be wary at all times, because there’s still a ton of convertible debt that could be turned into shares and dumped on the market at any moment. Still, as usual, it’s up to the investors to decide whether the potential returns on a PPCH investment are worth such a risk.
