{"id":1808,"date":"2013-06-27T14:13:20","date_gmt":"2013-06-27T14:13:20","guid":{"rendered":"\/?p=1808"},"modified":"2013-06-27T14:13:25","modified_gmt":"2013-06-27T14:13:25","slug":"virtual-piggy-inc-otcbbvpig-takes-another-step-down-the-charts","status":"publish","type":"post","link":"\/articles\/virtual-piggy-inc-otcbbvpig-takes-another-step-down-the-charts\/","title":{"rendered":"Virtual Piggy, Inc. (OTCBB:VPIG) Takes Another Step Down the Charts"},"content":{"rendered":"

\"VPIG_chart.png\"The previous two months have been mostly kind towards Virtual Piggy, Inc. (OTCBB:VPIG<\/a>). The company’s stock price practically doubled from early April to late May, going from $1.60 to $3.20. May 28 marked the first of a series of sneezes that sent the price on a red streak, which more or less continued into yesterday’s session, when VPIG<\/a> closed 6% down. <\/p>\n

Virtual Piggy is a business offering online payment solutions for children and teenagers, controlled and administrated by their parents. The company is still developing its business and has not really rolled out a successful revenue generation model. VPIG<\/a>‘s plans for 2013 development include consumer acquisitions and expansion, with plans to maximize revenues in 2014.<\/p>\n

Despite that, the company does have a respectable amount of cash on hand and modest current liabilities. Here is what VPIG<\/a> published as financial information as of March 2013, in their Q1 report:<\/p>\n