Root9b Technologies Inc (OTCMKTS:RTNB) Regains Some Lost Value

[[tagnumber 0]][[tagnumber 1]]After and impressive first half of May that pushed the ticker towards the $2.5 per share mark we saw the stock of Root9b Technologies Inc (OTCMKTS:RTNB) slide down the charts through the rest of the month before finally stabilizing just below $2 per pop.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]There was, however, some people who sought to profit from the ticker by shorting it and they weren’t very subtle with their efforts. In our previous articles we wrote about a certain individual that goes by the nickname “The Pump Stopper” who wrote a lengthy article on a popular financial website bashing the company stock and calling it a “public shell”.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Looking at [[tagnumber 10]]RTNB’s[[tagnumber 11]] financial you can see that the company is far from being a public shell and is, in fact, quite progressive compared to other OTC entities.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 15]] [[tagnumber 16]]cash: $5 million[[tagnumber 17]] [[tagnumber 16]]current assets: $23.4 million[[tagnumber 17]] [[tagnumber 16]]current liabilities: $17.5 million[[tagnumber 17]] [[tagnumber 16]]quarterly revenues: $9.5 million[[tagnumber 17]] [[tagnumber 16]]quarterly operating loss: $2.7 million[[tagnumber 17]] [[tagnumber 26]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Definitely not something you would expect to see when browsing through the quarterly reports of an OTC company. Yet [[tagnumber 10]]RTNB[[tagnumber 11]] was called a “public shell” by the anonymous author who clearly stated that he is currently shorting the company stock.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Still, [[tagnumber 10]]RTNB[[tagnumber 11]] took some heavy blows and finished Tuesday’s session at $1.02. The ticker didn’t drop below the $1 per share barrier though. Despite all the class action lawsuit press releases that have been coming lately [[tagnumber 10]]RTNB[[tagnumber 11]] managed to register a decent 14.71% gain in yesterday’s session and finished the day at $1.17 after the 621 thousand shares that were traded generated $694 thousand in daily dollar volume.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]It seems like the ticker has began to stabilize, but nothing is for certain in the OTC markets. Be sure to do your due diligence and weigh out the risks before putting any money on the line.[[tagnumber 2]]