ZAP (OTCMKTS:ZAAP) Comes Flying Down

[[tagnumber 0]][[tagnumber 1]]The last time we wrote about ZAP (OTCMKTS:ZAAP) was back in the end of April last year when the ticker was sitting at prices above 20 cents per share and the company stock was traded quite heavily. Since then the performance hasn’t been that great and even though we saw [[tagnumber 2]]ZAAP[[tagnumber 3]] climb the charts in September the ticker is still more than 60% down from the last time we wrote about it.[[tagnumber 4]] [[tagnumber 0]] [[tagnumber 4]] [[tagnumber 0]]Meanwhile, the company hasn’t been doing very well. We see that the revenues have dropped by nearly 30% year–over year while the company has managed to pick up some more payable notes. Still, the numbers contained in [[tagnumber 2]]ZAAP’s[[tagnumber 3]] report for Q2 of this year are pretty decent for an OTC entity.[[tagnumber 4]] [[tagnumber 0]] [[tagnumber 4]] [[tagnumber 13]] [[tagnumber 14]]cash: $131 thousand[[tagnumber 15]] [[tagnumber 14]]current assets: $21.7 million[[tagnumber 15]] [[tagnumber 14]]current liabilities: $76.7 million[[tagnumber 15]] [[tagnumber 14]]quarterly revenues: $5.3 million[[tagnumber 15]] [[tagnumber 14]]quarterly net loss: $5.4 million[[tagnumber 15]] [[tagnumber 24]] [[tagnumber 0]] [[tagnumber 4]] [[tagnumber 0]]The bad thing is that the company doesn’t seem to be making progress, in fact, it is doing quite the opposite. There is, however, something that has seen an increase. The outstanding share count of [[tagnumber 2]]ZAAP[[tagnumber 3]] has grown by 16% and has gone from 395 million in the end of 2014 to 460 million as of August 10, 2015.[[tagnumber 4]] [[tagnumber 0]] [[tagnumber 4]] [[tagnumber 0]]These things might be just some of the reasons for which [[tagnumber 2]]ZAAP[[tagnumber 3]] reacted poorly to yesterday’s optimistic press release. Instead of going up on the positive update we saw the ticker get crushed by buying pressure. In the end of the day we saw [[tagnumber 2]]ZAAP[[tagnumber 3]] sitting 21.58% lower, at $0.0745 while a total of 1.63 million traded shares had generated $111 in daily dollar volume, the biggest in a little over a month.[[tagnumber 4]] [[tagnumber 0]] [[tagnumber 4]] [[tagnumber 0]]We see the company stock beginning to regain some of the lost value in today’s trading. As of the writing of this article [[tagnumber 2]]ZAAP[[tagnumber 3]] is sitting 14.09% up, but that doesn’t mean that you should skip doing your due diligence and weighing out the risks before putting any money on the line.[[tagnumber 4]]