{"id":2973,"date":"2013-10-21T14:14:36","date_gmt":"2013-10-21T14:14:36","guid":{"rendered":"\/?p=2973"},"modified":"2013-10-21T14:15:09","modified_gmt":"2013-10-21T14:15:09","slug":"cloud-security-corp-otcbbclds-keeps-slipping","status":"publish","type":"post","link":"\/articles\/cloud-security-corp-otcbbclds-keeps-slipping\/","title":{"rendered":"Cloud Security Corp. (OTCBB:CLDS) Keeps Slipping"},"content":{"rendered":"

\"4CLDS_chart.png\"After a wary, low-volume session and a flat close on Wednesday, Cloud Security Corp. (OTCBB:CLDS<\/a>) turned red in Thursday’s session and Friday saw the ticker chart a deeper red swath. CLDS<\/a> dropped another 16% to a close of $0.40 per share on over half a million shares traded. <\/p>\n

The ticker went through a big price surge in early autumn, swelling from $0.30 to $0.80 in less than a month. This may seem like chump change to the people who were keeping an eye on CLDS<\/a> back in spring 2013, when the ticker shot up to an all-time high of over $1.40 per share.<\/p>\n

Sadly, both in spring and autumn, CLDS<\/a>‘ movement up the charts was backed up by promotional pump campaigns. While there were pump emails in spring, as well as a landing page for the ticker, the second promotional push is carried out using a relatively new landing page put up in mid-August, as well as a paper mailer that traders reported receiving in their snail-mail boxes.<\/p>\n

The disclaimer at the end of the landing page and the paper mailer scans put up on the Internet list $750 thousand in paid compensation for the promotional effort. The promotional materials contain the run-of-the-mill babble, complete with unrealistic price targets for CLDS<\/a> stock and comparisons to huge, established computer security companies such as Symantec Corporation.<\/p>\n

On the other hand, as of its latest financial report dated August 31, CLDS<\/a> is an enterprise with under $20 thousand in total assets and no revenues since inception. In mid-September the company did announce securing a deal with Kodiak Capital Group, LLC for the sale of up to $2 million worth of CLDS<\/a> shares. However, the last quarterly report mentions that Kodiak was issued 283 thousand shares, never detailing the share price or the total sum the issued shares were valued at.<\/p>\n

With the performance of the spring pump in mind and the fact that CLDS<\/a> has so far crashed exactly 50% from its early October high, and factoring in the current rather expensive promotion for the ticker, traders may want to be extra careful with this one.<\/p>\n

\"52IWSY_chart.png\"Other big percentile movers from Friday’s session include ALJ Regional Holdings, Inc. (OTCMKTS:ALJJ<\/a>) who closed 26% up. Imageware Systems, Inc. (OTCMKTS:IWSY<\/a>) managed to clamber back above $2.00 per share, closing 18% in the green.<\/p>\n","protected":false},"excerpt":{"rendered":"

After a wary, low-volume session and a flat close on Wednesday, Cloud Security Corp. (OTCBB:CLDS) turned red in Thursday’s session and Friday saw the ticker chart a deeper red swath. CLDS dropped another 16%...<\/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":[1071,547,704],"class_list":["post-2973","post","type-post","status-publish","format-standard","hentry","category-news","tag-aljj","tag-clds","tag-iwsy"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/2973","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=2973"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/2973\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=2973"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=2973"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=2973"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}