Puresnax International Inc (OTCMKTS:PSNX) Climbs A Bit Higher

[[tagnumber 0]][[tagnumber 1]]The stock of Puresnax International Inc (OTCMKTS:PSNX) was barely being traded on the OTC marketplace and it rarely registered some decent percentile movements. This made the company highly illiquid, but it’s not something that should surprise you.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]][[tagnumber 6]]PSNX[[tagnumber 7]] is a company that has zero full–time employees and Mr. Patrick Gosseling is acting as the sole director and officer, dedicating around twenty hours per week to the business. Apart from that red flag we have the numbers contained in the company’s financial report for the third quarter of the year.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 11]] [[tagnumber 12]]total assets: $187[[tagnumber 13]] [[tagnumber 12]]current liabilities: $36,924[[tagnumber 13]] [[tagnumber 12]]revenues: ZERO since inception[[tagnumber 13]] [[tagnumber 12]]quarterly net loss: $26,794[[tagnumber 13]] [[tagnumber 20]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Furthermore, there is the issue with the massive amount of shares that was bought at a heavily discounted price. Back in 2012 a total of 2.5 million shares were in the possession of 17 shareholders who had bought them for just $25 thousand. After a massive 40 for 1 forward split earlier this year those shares, or what was left of them would have been turned into 100 million.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Given the high illiquidity of [[tagnumber 6]]PSNX[[tagnumber 7]] we reckon that quite a lot of the shares are still held by the same people that owned them back in 2012 and bought them at those extremely low prices. Coincidence, or not, [[tagnumber 6]]PSNX[[tagnumber 7]] is currently the target of a paid promotional campaign that is giving positive results, for now.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]After another 10.53% gain we saw the ticker climb to $0.42 per share in yesterday’s trading. Even though the volumes were well above the average we saw a total of 425 thousand traded shares generate $172 thousand in daily trade value. Heavy trading is still ongoing today, but this time [[tagnumber 6]]PSNX[[tagnumber 7]] is descending the charts.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]The ticker is currently 9.52% down the charts and might very well drop further if the dumping continues. Retail investors should be careful and do their due diligence before making any attempts at trading [[tagnumber 6]]PSNX.[[tagnumber 7]] [[tagnumber 2]]