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Black Stallion Oil and Gas Inc (OTCMKTS:BLKG) Dropping Again

[[tagnumber 0]][[tagnumber 1]]After a good run in the middle of the year that saw the stock of Black Stallion Oil and Gas Inc (OTCMKTS:BLKG) go above the $2 per share mark the ticker began to slide, losing more than 90% off its value by the middle of this month.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]This wasn’t that surprising when you consider some of the first things that you will see when you start doing your due diligence on [[tagnumber 6]]BLKG.[[tagnumber 7]] First of all, we would like to remind you that the company posted its financial report for the third quarter this week and it contained the following numbers.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 11]] [[tagnumber 12]]cash: $31 thousand[[tagnumber 13]] [[tagnumber 12]]total assets: $56 thousand[[tagnumber 13]] [[tagnumber 12]]total liabilities: $4.1 thousand[[tagnumber 13]] [[tagnumber 12]]revenues: ZERO[[tagnumber 13]] [[tagnumber 12]]net loss: 77 thousand[[tagnumber 13]] [[tagnumber 22]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]We do see that the cash on hand situation has improved, but $31 thousand is still very little for a company that boasts a market cap of nearly $10 million. A good sign is the fact that the total liabilities have been significantly reduced, but the fact that the company is still incapable of generating revenues while the net loss has increased more than seven times compared to the same period last year is pretty scary.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]This might be the exact reason for which [[tagnumber 6]]BLKG[[tagnumber 7]] came sliding back down after trying to regain some lost value in the beginning of the week. The ticker lost 12.13% during yesterday’s trading and closed at $0.21 while a total of 539 thousand shares changed their owners and generated $112 thousand in daily dollar volume.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Considering the big market cap and the shy financials we may see [[tagnumber 6]]BLKG[[tagnumber 7]] drop further down the charts so be sure to do your due diligence and weigh out the risks before putting any money on the line.[[tagnumber 2]]


Alkaline Water Company Inc (OTCMKTS:WTER) Sliding Lower

[[tagnumber 0]][[tagnumber 1]]This year has been a rollercoaster for Alkaline Water Company Inc (OTCMKTS:WTER) and its stock. Unfortunately, the latest months have seen the ticker decline and it doesn’t seem like there is enough to push it back up again.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]This week has proved no different. Meanwhile, the company issued their financial report for the second quarter of the fiscal year 2016. The report covering the period ended September 30 contained the following numbers of prime interest.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 9]] [[tagnumber 10]]cash: $38 thousand[[tagnumber 11]] [[tagnumber 10]]current assets: $963 thousand[[tagnumber 11]] [[tagnumber 10]]current liabilities: $2.2 million[[tagnumber 11]] [[tagnumber 10]]quarterly revenues: $1.71 million[[tagnumber 11]] [[tagnumber 10]]quarterly net loss: $994 thousand[[tagnumber 11]] [[tagnumber 20]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]We see that the company’s cash on hand positions have gotten worse, while the total liabilities have increased. Fortunately, so have the revenues and the net loss has been lowered significantly compared to the previous quarter.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Still, the filing didn’t manage to boost investor confidence and we saw [[tagnumber 28]]WTER[[tagnumber 29]] slide 11.95% down in yesterday’s session and close at $0.07. A total of 1.25 million shares changed their owners and generated $91 thousand in daily dollar volume.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Due to the lack of new press releases we might see [[tagnumber 28]]WTER[[tagnumber 29]] sink even further down the charts so be sure to do your due diligence and weigh out the risks before putting any money on the line.[[tagnumber 2]]


Speed Commerce, Inc. (NASDAQ:SPDC) Surged From the Bottom in an Upward Correction

[[tagnumber 0]]Shares of Speed Commerce, Inc. (NASDAQ:SPDC) tumbled to at least a fiveyear bottom within just a few sessions last week after the company released its third quarter report. The numbers in it suggested the company is running fast out of cash and could even need to sell out the business very soon, while the new shorting activity this week also does not suggest the stock could recover.[[tagnumber 1]] [[tagnumber 0]][[tagnumber 3]][[tagnumber 1]] [[tagnumber 0]]SPDC closed yesterday at $0.125 for a share, which is a nearly 67% gain from the previous close. The trading volume was far above the average but still not a record for the stock. Though this huge jump, SPDC share price could not break a resistance throughout the entire session yesterday, thus the chart does not look like there could be a rally for the stock.[[tagnumber 1]] [[tagnumber 0]]At the end of September, SPDC announced it had extended its contract with the Yankee Candle Company by another five years. That was not of any importance though as the latest quarter report shows the company is in a very bad financial condition and is still making huge losses each quarter. The net loss was almost $26 million compared to $1.62 in the previous quarter.[[tagnumber 1]] [[tagnumber 0]][[tagnumber 10]][[tagnumber 1]] [[tagnumber 0]]Even worse are the negative operating cash flows which are not improving, which means that SPDC will further rely on debt and equity financing to cover its need for cash. The working capital gap increased by $100 million in the third quarter after some portion of the debt became due within the current three months. Moreover, an amendment of the terms included a covenant that the company enters into an agreement to sell all of its business by the end of the year if it does not make the required payments to the creditors.[[tagnumber 1]] [[tagnumber 0]]During the last two quarters, SPDC issued over 9 million shares of convertible preferred stock. Another 13 million shares of common stock were issued in an equity and warrants offering that raised $6.8 million in April, however, by the end of September the company had only $2 million in its cash account.[[tagnumber 1]] [[tagnumber 16]] [[tagnumber 1]]

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