Triton Distribution Systems, Inc. (OTCMKTS:TTDZ) On The Rise Again
After Triton Distribution Systems, Inc. (OTCMKTS:TTDZ) awoke in mid-January, trading has become quite intense and the company stock has made a great gain in price. The ticker has added a whopping 2350% by now and is hoping for more.
Despite some controversial publicity, the company has managed to keep investor interest heightened and is regularly updating us with press releases. The latest news from TTDZ informs us that the company has already found a law firm for its review after the incident of which we talked about in our previous article.
Still, we get little updates about the other operations of the company and their current development. And yet, the latest financial report of the company isn’t really that dissapointing when you have in mind the $7.49 million market cap of TTDZ for the period ended September 30, 2013.
- cash: $10 thousand
- current assets: $7.5 million
- total assets: $9.1 million
- total current liabilities: $740 thousand
- revenues: $1.3 million
- net income: $340 thousand
Despite the low cash on hand that TTDZ has reported under the alternative reporting standard in the OTC markets, the compnay has managed to operate at a profit. The liabilities are quite small, considering the assets of the company which is also a good sign.
The company, however, and its CEO, Mr. Gregory Lykiardopoulos have a history of press releases that turn out to be misleading, just like the one from 2011 about the merger with AGT Company, and yet, people seem to have forgotten that.
This whole led to a massive 86.98% gain in price in yesterday’s session as the company stock closed the day at $0.0043. We saw a total of 298.4 million shares switch hands, that generated some $986 thousand in dollar volume.
Still, the company remains a bit shady and it would be good if you approach their stock with caution. Be sure to do a lot of due diligence and weigh out the risks if you are having thoughts of betting on TTDZ.
Creative Edge Nutrition, Inc. (OTCMKTS:FITX) also had a good session yesterday as their stock went up 22%. Cannabis Science, Inc. (OTCMKTS:CBIS) and Growlife, Inc. (OTCBB:PHOT) weren’t so fortunate and fell 16.98% and 12.4% respectively.
