Propanc Health Group Corp. (OTCMKTS:PPCH) Finds Its Footing
Propanc Health Group Corp. (OTCMKTS:PPCH) turned its downward spiral to the bottom of the charts into an impressive bounce on Thursday – and the ticker’s ascent hasn’t halted since.
This turn of events is interesting to say the least, because, as far as it is obvious, there is no real reason for it.
There are no new pumps for PPCH. The company hasn’t put out a new report or a PR announcement that could have attracted the investors’ attention in quite some time, either. For all intents and purposes, this is a jump even more baseless than the last one.
And yet, it is happening, in spite of there being no obvious reason to drive it, and in spite of all the red flags that still surround PPCH.
Red flags such as the numbers in the company’s latest financial report:
- Cash – $14 thousand
- Total assets – $53 thousand
- Total current liabilities – $1.9 million
- NO REVENUES
- Quarterly net loss – $345 thousand
Red flags, such as the fact that PPCH has recently drowned investor value in dilution, more than doubling its share count between Nov. 19, 2014 to Feb. 16, 2015, as well as the fact that there is still plenty of notes outstanding available and ready to further dilute the stock.
Investors should seriously consider these facts before committing to PPCH stock.
