Triton Distribution Systems, Inc. (OTCMKTS:TTDZ) Rebounds from Lower Range

Triton Distribution Systems, Inc. (OTCMKTS:TTDZ) justified some of the expectations that it would make at least an attempt to return after the long slide in prices. Fortunately, for now TTDZ holds above one penny. TTDZ rebounded by more than 61% on Tuesday, reaching $0.0213, as dollar volumes reached $1.26 million. The new week slowly picked up the pace for marijuana stocks, and we saw more double-digit daily gains, though dollar volumes remain under $3 million even for the most actively traded tickers. TTDZ0522.png

TTDZ did nothing special to trigger the climb, and so far we have no new PR. Still, the perception that the ticker was oversold and the slide continued for too long may have invited investors again. The buying volumes, while far from the boom times, are the highest in about a month, in terms of shares traded. LATF0521.png

The latest spike proves that TTDZ moves mostly on sentiment, rather than on fundamental data, and the proof is in the latest round of results, revealing once again that the company is practically empty of funds, showing:

  • Zero cash and assets
  • $370,892 “Goodwill”

All of this means that TTDZ, despite the big promises of the Green Cures brand, is not really well-equipped to make a splash as a serious marijuana business. Of course, this did not affect investors’ sentiments, and TTDZ is still seen as a bargain, with the possibility of going up to multiple pennies. Investors even see it as a positive sign that TTDZ, soon to be renamed Green Cures, Inc., has so far zero debt as well. But this also means that the company would need to find a way to fund its operations.

The Marijuana index still shows a general downward shift, as the average lost more than 10% on Tuesday, to a price of $3.38. Gainers were rare across the selection of pot stocks, with the biggest price addition of more than 12% for Cannabis Sativa, Inc. (OTCMKTS:CBDS), reaching a respectable price position at $5.75.

Unfortunately, the index does not reflect the wild land of underpriced stocks, especially those that go below one penny, where a lot of the dramatic gains happen. Latteno Food Corp. (OTCMKTS:LATF) is one of the most active in that zone, as it struggles to hold on to the double-zero prices, and not slide down further. LATF for now hangs on above $0.004, but the gains in the last days are miniscule, and there are still doubts whether LATF is a legitimate marijuana company with a future, or merely an over-inflated stock.

And even for double-zero prices, there is still enough way to fall, as it is seen in the movements of USA Real Estate Holding, Co. (OTCMKTS:USTC). The price was in the borderline, with the possibility to go back above $0.001, but instead USTC burrowed down toward $0.0006, on heavy selling, thus wiping out most of its value in less than a month.

If you like TTDZ for the possibility of improvement, keep in mind that a slide is also a possible scenario, and plan your investment accordingly.

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