TheDirectory.com, Inc. (OTCMKTS:SEEK) Climbs On Optimistic News
TheDirectory.com, Inc. (OTCMKTS:SEEK) had a rough month in which it was sliding down the charts, despite the positive sessions. By the end of it, however, the company stock burst out of nowhere with a 45% gain and regained the value it had lost in over a week of trading.
A red session with a small percentile loss of 5.71% was the final for the month, but the optimistic press releases coming from the company seem to be working out fine and SEEK started December with a decent gain.
Yesterday, the company announced that their preliminary financial results will be made public after the final bell on November 19. The results that we will be able to see will be for the fiscal year ended November 30 and, as the company CEO, Scott Gallagher says, it will be the next step to fullfilling their goal for an up-listing in a higher OTC tier.
We have heard that a lot of times from all sorts of companies and it usually never happens, however, the news were enough to provide a 12.12% gain in value for SEEK, on a whopping 57 million shares that generated $210 thousand in dollar volume.
We don’t know what kind of growth Mr. Gallagher was talking about, but we sure hope that the numbers contained in the fiscal year report will be better than the ones from the quarterly period ended August 31.
- cash: $10 thousand
- total assets: $402 thousand
- total current liabilities: $1.4 million
- revenues: $80 thousand
- net loss: $11 thousand
If you have been following their financial filings you would know that this year wasn’t really good for the company and this is why we somehow lose Mr. Galagher when he speaks of “5th consecutive year of top line growth”.
At least in our eyes, 25% less revenues and a 92% decrease in net income for the nine months ended August 31, 2013, compared to the same period in 2012 can’t be called growth. The liabilities of the company haven’t changed also, and the only increase that we see amounts to 186% in cash on hand, which isn’t that much considering they had only $3700 in the bank in the end of August 31, 2012.
In any case, be sure to do a lot of due diligence and weigh out the risks before you go rushing for shares.
World Moto, Inc. (OTCBB:FARE) also had a decent session yesterday, as the company stock climbed a decent 16% in value. Blue Earth, Inc. (OTCMKTS:BBLU) weren’t so fortunate and dropped 12% in price.
