Raadr Inc (OTCMKTS:RDAR) Is Still Being Pumped

Yesterday the stock of Raadr Inc (OTCMKTS:RDAR) was able to end the session with a gain of 6.67%. Although closing in the green is undeniably positive investors had little to be happy about as the stock actually closed at its lowest point for the day of $0.08. Not to mention that the previous two sessions were simply devastating – last Thursday RDAR crashed by more than 31% while on Friday, in just a single day, the company saw more than 54% of its value disappear.

Despite the horrific performance the pumpers are not giving up on the company and yesterday another wave of email alerts was sent. This time the involved newsletters – Otcbb Journal, Stocks Impossible, and First Penny Picks, were affiliates of Small Cap Specialists, LLC. They disclosed a $30 thousand compensation. The landing page touting RDAR is not only still active but its disclaimer was updated and it now shows an even bigger budget for the pump of $149 thousand, up from the previous sum of $97 thousand.

The pumpers may have a hard time pushing RDAR back up though. Last Tuesday the company filed its financial report for the third quarter of the year and it contained some truly abysmal numbers. As of September 30 RDAR had:

• ZERO cash
• $59 total current assets
• $1998 total assets
• $2.5 million total current liabilities
• ZERO revenues
• $240 thousand net loss

As if the depressing balance sheet wasn’t enough the subsequent events section of the report revealed that RDAR raised $22 thousand through the sale of three convertible notes. These notes can be turned into shares at a 50% discount. The company already had 2 notes that could be converted at a 45% and 50% discount.

With so many red flags hanging around RDAR trading their stock is definitely a dangerous choice. Take your time to carefully plan your trades and to do sufficient research before committing to anything.