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One World Holdings Inc (OTCMKTS:OWOO) Keeps Sliding

[[tagnumber 0]][[tagnumber 1]]The stock performance of One World Holdings Inc (OTCMKTS:OWOO) isn’t exactly amusing, but is nothing that you wouldn’t expect from an OTC company. In the middle of last month the ticker registered a couple of surges, both in price and volume, which were mostly due to optimistic PR.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Since then, however, the company stock has had a hard time keeping its gains and has swayed in both directions. You shouldn’t look for the reason for this further than the company’s financial filings. [[tagnumber 6]]OWOO’s[[tagnumber 7]] report for the first quarter of this year was pretty disappointing.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 11]] [[tagnumber 12]]cash: $8 thousand[[tagnumber 13]] [[tagnumber 12]]current assets: $322 thousand[[tagnumber 13]] [[tagnumber 12]]current liabilities: $17 million[[tagnumber 13]] [[tagnumber 12]]quarterly revenues: $739 thousand[[tagnumber 13]] [[tagnumber 12]]operating loss: $498 thousand[[tagnumber 13]] [[tagnumber 22]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]When you dig just a little bit deeper you start to see that the [[tagnumber 6]]OWOO[[tagnumber 7]] management doesn’t really care for investors that much. Back on January 13, 2014 the company performed a 1 for 750 reverse split of their stock. On May 15, 2014 the outstanding shares were sitting at 26 million. Just one year later, on May 19, 2015 the company’s outstanding share count sits at 276 million.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Furthermore, considering the amount of convertible notes and the massive discounts at which they can be converted may cause further dilution. This is why it is no wonder that even further PR can’t help [[tagnumber 6]]OWOO[[tagnumber 7]] with its volatility.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]This month started with a massive 23.01% loss for the company stock and even though a fluff press release came out yesterday we saw the ticker drop another 13.93% to a close at $0.0055. The 25.58 million shares that changed their owners generated only $143 thousand as the ticker was sliding down the charts.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]][[tagnumber 6]]OWOO[[tagnumber 7]] remains one of the riskiest stocks out in the OTC marketplace. You should be sure to do your due diligence and weigh out the risks if you have any intentions of making a play with the ticker.[[tagnumber 2]]


Pervasip Corp (OTCMKTS:PVSP) Gathering Upward Momentum

[[tagnumber 0]][[tagnumber 1]]After some impressive performance in March we saw Pervasip Corp (OTCMKTS:PVSP) begin to hesitate in April and go to a downward slide that pushed it back to triple zero land in lateMay.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Since then, the ticker has been hovering around the $0.001 per share mark. The main reason for the upward performance was the fact that the company decided to get involved in the legal cannabis business a few months ago. Fact is, however, that [[tagnumber 6]]PVSP[[tagnumber 7]] has had some really terrible financial performance lately and the report for the quarter ended February 28, 2015 just proves that.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 11]] [[tagnumber 12]]cash: $2,623[[tagnumber 13]] [[tagnumber 12]]current assets: $219,788[[tagnumber 13]] [[tagnumber 12]]current liabilities: $12,177,301[[tagnumber 13]] [[tagnumber 12]]quarterly revenues: $894!!![[tagnumber 13]] [[tagnumber 12]]quarterly net loss: $1,989,982[[tagnumber 13]] [[tagnumber 22]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Those numbers surely look horrible, especially compared to previous reports from the company, which were not very optimistic either. Still, that isn’t stopping [[tagnumber 6]]PVSP[[tagnumber 7]] from gathering upward momentum for quite some time now.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]After going nowhere on June 25 we saw [[tagnumber 6]]PVSP[[tagnumber 7]] record the past 5 sessions in the green. The ticker’s latest gain of 10% pushed it to $0.00165. Although the stock is recording positive movements we see that the volumes are around the average and a total of 72 million shares were traded in yesterday’s session, generating $115 thousand in daily trade value.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]There is, however, the matter of the vast amount of debt that is in the form of convertible notes we wrote about in our previous article. This means that a lot of highly discounted shares might have seen the light of day, which is almost always a recipe for disaster.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Do thread carefully and be sure to do your due diligence and weigh out the risks before putting any money on the line.[[tagnumber 2]]

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