The Brand New Promotion of DataCall Technologies, Inc. (OTCMKTS:DCLT)
It is now evident that DataCall Technologies, Inc. (OTCMKTS:DCLT)’s only way of attracting investor interest is through paid promotions. The latest one started on October 6 and yesterday our inbox was filled with pump emails, minutes before market open.
The promoters are getting compensated amounts ranging from $10000 to $28,500, with the highest paid being StockMister. Having in mind that more than 10 promotional emails were sent out, however, the 9.33% gain in price that DCLT recorded seems small.
Yesterday’s session comes as a little relief after 2 weeks of closing in the red. The stock moved from $0.0075 to $0.0082 while more than 30.7 million shares switched hands, generating a trade value of $245 thousand.
We haven’t wrote about DCLT for a while simply because their stock isn’t attracting investor attention and often registers sessions with dollar volume below $1000. Since the last time we wrote about DCLT, the company has filed its latest financial report from which the numbers of prime interest are listed below.
- cash: $63 thousand
- total current assets: $102 thousand
- total liabilities: $294 thousand
- revenue: $157 thousand
- net loss: $647
We see that there are some good sides to the report and some bad. On the good side of things we see that the company registered only $647 in net loss compared to the $130 thousand for the previous quarter. Another good sign is the $146 thousand decrease in total liabilities.
On the bad side of things we see that the revenues that the company is generating aren’t growing and that DCLT have decreased their cash and current assets by approximately 50%. We reckon that DCLT will quickly be forgotten after the paid promotion and there will be a lot of people trying desperately to shed their holdings.
This is exactly what happened to the previous stock touted by StockMister, Brownie’s Marine Group, Inc. (OTCMKTS:BWMG), who did good on October 3 when they were pumped, but quickly returned to its state of being virtually non-existent the very next day. Another good example of how things unfold after a promotion by StockMister is Safer Shot, Inc. (OTCMKTS:SAFS), who blasted of when touted on September 30 and started recording dollar volumes of below $10000 in subsequent sessions.
