What Is Up With That Marketing Solution Inc (OTCMKTS:TSTS)?
That Marketing Solution Inc (OTCMKTS:TSTS) added another 86.36% to its market value yesterday – but why?
Investors are currently excited about TSTS – that much is obvious. The company’s market value has nearly doubled since the beginning of the week, even though there is no real evidence that the company has done anything to actually create investor value.
Let’s take a look at TSTS‘s OTC Markets profile, shall we?
The first 8-K to be found there concerns the company’s newest promissory note, an agreement for $25 thousand that can be turned into TSTS common shares at a “42.5% discount from the lowest intra-day traded price of such common stock within the 15 days prior to the date of conversion”.
Then there’s that one 8-K that announces that the company is to TRIPLE the number of authorized shares it has.
And just before the end of page one we get to the core of the problem, documented in TSTS‘s latest 10-Q. Suffice it to say that said report is a sad, sad sight:
- Cash – $3 THOUSAND
- Total current assets – $74 thousand
- Total current liabilities – $622 thousand
- NO REVENUES
- Net Loss – $386 thousand
And if those numbers didn’t look horrifying enough, consider this. October 20 was the maturity date of two notes for a total of $275 thousand that JMJ Financial turned into shares at discounts ranging from 40% to 60%.
All investors already on board and all investors considering trading TSTS stock should be aware of these red flags and the dangers each and every one of them represents, because although TSTS‘s volatility represents an awesome opportunity for quick profit, any one of these perilous factors could bring the ticker down in an instant.
