Unisoure Corp (OTCMKTS:USRC) with Another Volume Spike

It’s fair to say that Unisoure Corp (OTCMKTS:USRC)’s stock performance over the last year or so has left a lot to be desired. Back in February, the ticker was all but destroyed when six consecutive red sessions incinerated 93% of the value. As you can see from our coverage, there was no immediately obvious reason for the massive drop and even now, people are still baffled by the sharp and sudden plummet.

Over the last eight months, USRC has managed to regain some of the lost ground, but even so, it’s been far from plain sailing. The pumpers picked up the ticker back in August and since then, they have initiated a couple of campaigns which turned the stock into a roller coaster ride. Sharp peaks followed by violent drops caught quite a lot of people off-guard and meant that some of the more risk-averse investors preferred to simply walk away. This, in turn, could explain the less-than-perfect behavior even now, when the pumpers are gone. The latest promotional email to hit our inbox, for example, is dated November 5 and yet, USRC has registered only one green session since then. So, what are the chances of a more stable performance in the future?

Well, of course, the pumpers need to go away for good. They have already caused enough chaotic movement which is preventing some people from taking the ticker seriously. The shareholders are probably hoping that there will be no future promotions, but what are the chances of this actually happening?

Well, we can see from the latest quarterly report that quite a lot of stock saw the light of day over the last few months. More worryingly, it was all valued at between $0.10 and $0.18 per share. As you can see, the owners of these holdings are already looking at some healthy potential profits, but even so, they probably wouldn’t mind seeing the price go further up. This, in turn, raises the risk of future promotional coverage which is something you should definitely bear in mind while making your decision.

Outside of the promotions, we must say that there are signs of progress. USRC are already generating revenues from Visionship’s shipping management system and the rest of the related applications. More importantly, the sales during the third quarter of 2013 have increased by around 17% compared to Q2’s results. That said, the financial statement is still far from perfect. Here are the most important figures:

• cash: $67 thousand
• current assets: $151 thousand
• current liabilities: $782 thousand
• quarterly revenues: $156 thousand
• quarterly net loss: $127 thousand

The financials are not quite enough to justify the $25 million market cap and we doubt that such a capitalization is suitable for a company that operates from a one storey residential house in Miami, Florida.

Still, the biggest problem at the moment is the threat of future paid pumps. The chart on the right belongs to Endeavor IP Inc (OTCBB:ENIP). As you can see, after registering another red session on Friday, ENIP is now a hefty 43% below the hype-induced heights. And if you think that’s bad, you should consider Sovereign Lithium Inc (OTCMKTS:SLCO) whose stock became the victim of a paper mailer pump on Wednesday. Just two days later, the SEC decided to step in and suspend the ticker, thus putting an end to the whole show.