Virtual Piggy, Inc. (OTCBB:VPIG) Falls Toward $1.50
Everything seems to be going right for Virtual Piggy, Inc. (OTCBB:VPIG), except its stock is crashing faster. VPIG lost more than 14% on Wednesday, and opened even lower this Thursday, heading toward the $1.50 levels. Until a few days ago, VPIG was uneventfully cruising around the $2 levels, passing out cheerful press releases on the acceptance of its online finance technologies. 
VPIG is still not promoted with emails, but relies heavily on PR messages and announcements of partnerships. Still, this did not help the ticker that has been sliding for months, correcting the peak prices that were achieved in a bout of optimism as the 2013 bull markets lifted many otherwise inactive stocks. 
Perhaps what we are seeing is still the fallout from the financial results, which turned out not to be too impressive:
- cash: $8.2 million
- current assets: $8.4 million
- current liabilities: $664 thousand
- revenue: $58
- quarterly net loss: $3.3 million
Still, VPIG is continuing to expand its presence with gift cards and a European section, so there may be expectations of better performance.
VPIG has had several steep drops since June, when it hit a peak at $3.20. It may be just that the ticker is sliding to a more comfortable and sustainable level. Not even the news that VPIG lines up with LEGO and other famous brands among the best-rated children’s products has helped the slide.
If you are looking for one of those more solid penny stock movers, 22nd Century Group, Inc. (OTCBB:XXII) has been on a winning streak, growing to $1.25, though still far from the peak at $1.70. XXII has an interesting approach to the tobacco and cigarette business, working with modified varieties of the tobacco plant to provide light cigarettes designed from scratch.
Vapor Corp. Inc. (OTCMKTS:VPCO) is betting on electronic cigarettes, and moving in a similar price range, peaking at $1.40 and now drifting for months on this or that side of the dollar.
Despite the drop in prices, VPIG is enjoying positive opinions on message boards, and granted trust as a longer-term bet. Still, if you believe is your right choice, there is a chance for corrections and other worries. There was even talk about VPIG uplisting to NASDAQ, with the prices above $3 fueling the hope. But now, the ticker will be moving in a different league with its own unique pressures.
