Triton Distribution Systems Inc. (OTCMKTS:TTDZ) Continues Its Crash
Triton Distribution Systems Inc. (OTCMKTS:TTDZ) had almost managed to halt its downward slide a few sessions ago. For three days straight it seemed that the company’s luck will finally turn, but this was not to be. Last Friday’s session threw the ticker down once more, and its slide continued for three consecutive days, at an ever increasing pace.
Yesterday saw TTDZ say goodbye to another 18.25% of its market value. Although some traders were taken aback by this continued slide, this was in no way a surprising turn of events for anyone that’s tried to do any amount of research on TTDZ.
To elaborate – the company is currently rated as “OTC Pink Limited Information”. Its latest filing announced the hollowing out of the company into little more than a shell owning nothing, save for 4 million shares of restricted stock. An undocumented reverse merger later there is, literally, no reliable information on the company’s current state of affairs, finance or commercial activities anywhere for investors to research.
This being the case, it’s no wonder that the stock is currently dropping like a rock. Such a complete lack of information is usually enough to dissuade any serious investor from committing to a company – and for good reason.
The only thing hinting at the company’s current activities is its May 1 press release. Suffice it to say that it didn’t provide investors with an adequate amount of relevant information, despite being profusely wordy, overly long and full of empty boasts. As the charts clearly show, it even failed to do the stock any good, despite directing media attention at TTDZ.
In light of this state of developments, investors might want to wait for TTDZ to make an official filing before deciding to jump on this particular “marijuana train”. Once such a document hits the web, it will immediately become clear whether or not committing to TTDZ stock is a worthwhile endeavor. Before that happens, investing in this particular company will remain nothing more than a blind gamble.
Another marijuana ticker that plummeted to the very bottom of the charts yesterday is INTEGRATED CANNABIS (OTCMKTS:IGPK), which lost almost half of its market value over the span of just one session.
