{"id":1685,"date":"2013-06-17T10:13:17","date_gmt":"2013-06-17T10:13:17","guid":{"rendered":"\/?p=1685"},"modified":"2013-06-17T10:13:19","modified_gmt":"2013-06-17T10:13:19","slug":"lot-78-inc-otcmktsloted-clings-to-1-46-for-now","status":"publish","type":"post","link":"\/articles\/lot-78-inc-otcmktsloted-clings-to-1-46-for-now\/","title":{"rendered":"Lot 78, Inc. (OTCMKTS:LOTED) Clings to $1.46, For Now"},"content":{"rendered":"

After a drop to a temporary bottom of $1.30, Lot 78, Inc. (OTCMKTS:LOTED<\/a>) seems like it’s not ready to go into freefall, and tentative buying helped the price cling to $1.46. With no news and new promotions, this means LOTED<\/a> is facing a decisive Monday, with a possibility to try out a higher price, but also a strong falling trend weighing on the stock. \"LOTED0617.png\" <\/p>\n

Fundamentally, the awesome climb of LOTE pre-split, and of post-split LOTED<\/a> was on the back of the reputation of a small London-based fashion company. The collection itself could never rile up such an amazing interest, but with a $2.5 million paper mailer and a wide campaign of emails and press releases, the vehicle company easily reached above $23. The split staved off for a while the expected drop. \"TQLA0617.png\"<\/p>\n

LOTED<\/a> indeed wiped out three-quarters of its value in a few short days, after the promoters went silent at the end of May, and no more press releases supported the price. The recent move upward does not seem planned, it’s just a last-ditch attempt at valley-buying. The next few days will show how the LOTED<\/a> yarn unravels.<\/p>\n

As for finances, we mentioned several times the basic data were in disproportion to what we saw on the markets:<\/p>\n