{"id":1109,"date":"2013-04-02T11:13:18","date_gmt":"2013-04-02T11:13:18","guid":{"rendered":"\/?p=1109"},"modified":"2013-04-02T11:13:24","modified_gmt":"2013-04-02T11:13:24","slug":"fuse-science-inc-pinkdrop-takes-a-nose-dive-on-heavy-volume","status":"publish","type":"post","link":"\/articles\/fuse-science-inc-pinkdrop-takes-a-nose-dive-on-heavy-volume\/","title":{"rendered":"Fuse Science, Inc. (PINK:DROP) Takes a Nose Dive on Heavy Volume"},"content":{"rendered":"<p> <img loading=\"lazy\" decoding=\"async\" style=\"float: right;\" src=\"http:\/\/www.hotstocked.com\/articles-img\/small\/0DROP_chart.png\" border=\"0\" alt=\"0DROP_chart.png\" title=\"0DROP_chart.png\" width=\"450\" height=\"201\" \/>Fuse Science, Inc. (PINK:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=DROP\">DROP<\/a>) generated surprising volume on Monday, but it was a turn for the worse, as the price slumped at the open and managed only a minor recovery, closing the day 12% down. <\/p>\n<p>After going through a series of surges fueled by news releases and media exposure the company gained, the stock has had a mostly hard time in March, with a single green close in the second half of the month. Yesterday the downward movement was in double digits, a first in two months&#8217; time. The slump happened on zero news issued by the company and no new filings over the last few days.<\/p>\n<p><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=DROP\">DROP<\/a> surged in early March on news that its CEO would be interviewed alongside Daymond John of FUBU fame. From that point on it&#8217;s been a downhill ride for the stock price. <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=DROP\">DROP<\/a>&#8216;s latest quarterly report for Q4 of 2012 contained the following:<\/p>\n<ul>\n<li>$303 thousand in cash<\/li>\n<li>$1.1 million in current liabilities<\/li>\n<li>$40 thousand in quarterly revenue<\/li>\n<li>$2.1 million in net loss<\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" style=\"float: left;\" src=\"http:\/\/www.hotstocked.com\/articles-img\/small\/86DROP_logo.jpg\" border=\"0\" alt=\"86DROP_logo.jpg\" title=\"86DROP_logo.jpg\" width=\"85\" height=\"30\" \/>Even though <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=DROP\">DROP<\/a> is starting to slowly ramp up its revenue, generating $40 thousand in a quarter, compared against $105 thousand in their whole fiscal 2012, the company is still generating losses. In early March <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=DROP\">DROP<\/a> also issued convertible notes for an aggregate amount of over $2 million.<\/p>\n<p>With 13 million shares changing hands yesterday and the stock dropping nearly 2 cents, to arrive at a value that is almost 40% down from the beginning of March, investor confidence may be somewhat shaken. To the company&#8217;s credit, they appear to be genuinely trying to run a normal business and have not been targeted by promotional email campaigns in 2013. What may be considered a more unpleasant side of the story is that the significant surges in stock price seem to be connected with an event or person external to the company&#8217;s business.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fuse Science, Inc. (PINK:DROP) generated surprising volume on Monday, but it was a turn for the worse, as the price slumped at the open and managed only a minor recovery, closing the day 12%&#46;&#46;&#46;<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[162],"class_list":["post-1109","post","type-post","status-publish","format-standard","hentry","category-news","tag-drop"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/1109","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/comments?post=1109"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/1109\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=1109"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=1109"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=1109"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}