The Alkaline Water Company Inc. (OTCBB:WTER) Slides Despite Quarterly Results
Investors still holding their shares of The Alkaline Water Company Inc. (OTCBB:WTER) have been going through some tough times. Ever since the $3 million pump campaign that took place between August and mid-October ended the company has been moving in a constant downwards direction with only a couple of positive days. WTER has closed in the red 5 times out of the last 6 sessions.
This Wednesday they were able to take a breath of fresh year after surging up nearly 20% and closing at $0.44. The change in investor’s sentiment came after WTER filed its financial report for the quarter ending September 30. In it they disclosed the following results:
- $195 thousand cash
- $394 thousand total current assets
- $97 thousand total current liabilities
- $129 thousand revenues
- $485 thousand net loss
Despite having a positive working capital and finally generating some more serious revenues the effect of the report proved to be quite short and on the very next day WTER once again wiped its gains to drop to $0.36 on trade volume of 2.2 million shares. Investors might have expected to see better numbers with all the PR articles about new distribution agreements and retail markets offering their products.
Yesterday came the announcement that WTER have started shipments to El Rancho Supermarket in Texas and Crest Fresh Market in Oklahoma but the PR failed to create any positive effect on the performance of the stock. Since the height of the pump WTER has lost more than 70% of its value. In early trading today the surged to nearly $0.4 but quickly fell down to $0.38.
With the recent private placement they acquired enough funds to continue their operations and the prices of the offered shares were actually above 
the current ones. Still more dilution is highly likely to occur so be sure to set appropriate time horizons for your investment.
Yesterday the $1 million pump for Endeavor IP Inc (OTCBB:ENIP) took another blow when the company dropped by 17% and today shapes up to be even worse with another 18% lost at the moment. On the other hand Nevada Gold Corp (OTCBB:NVGC) is going up after a $800 thousand pump promotion began for them on Wednesday.
