{"id":3202,"date":"2013-11-18T17:13:49","date_gmt":"2013-11-18T17:13:49","guid":{"rendered":"\/?p=3202"},"modified":"2013-11-18T17:14:04","modified_gmt":"2013-11-18T17:14:04","slug":"cereplast-inc-otcmktscerp-drops-after-announcing-q3-financials","status":"publish","type":"post","link":"\/articles\/cereplast-inc-otcmktscerp-drops-after-announcing-q3-financials\/","title":{"rendered":"Cereplast, Inc. (OTCMKTS:CERP) Drops After Announcing Q3 Financials"},"content":{"rendered":"<p> <img loading=\"lazy\" decoding=\"async\" style=\"float: right; margin: 3px; border: 1px solid black;\" src=\"http:\/\/www.hotstocked.com\/articles-img\/small\/9CERP_chart.png\" border=\"0\" alt=\"9CERP_chart.png\" title=\"9CERP_chart.png\" width=\"400\" height=\"178\" \/>Cereplast, Inc. (OTCMKTS:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=CERP\">CERP<\/a>) has been gradually descending the charts since the massive promotional campaign in the beginning of August. The ticker made its biggest percentile movement in a while in Friday&#8217;s session, but it wasn&#8217;t in a good direction. <\/p>\n<p>This was expected, because the company filed its latest financial report in Thursday and it wasn&#8217;t a pretty sight, despite the fact that <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=CERP\">CERP<\/a> is generating revenue. You can see the numbers of prime interest from the Q3 report listed below and be the judge for yourself.<\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li>cash: $233 thousand<\/li>\n<li>current assets: $6.49 million<\/li>\n<li>total assets: $14 million<\/li>\n<li>current liabilities: $29 million<\/li>\n<li>total liabilities: $36 million<\/li>\n<li>revenues: $438 thousand<\/li>\n<li>net loss: $7.2 million<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" style=\"float: left; margin: 3px; border: 1px solid black;\" src=\"http:\/\/www.hotstocked.com\/articles-img\/small\/486LOGO.png\" border=\"0\" alt=\"486LOGO.png\" title=\"486LOGO.png\" width=\"150\" height=\"74\" \/>As you can see the company has a lot of assets, but the amount of money they have on hand is rather disturbing. The liabilities of <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=CERP\">CERP<\/a> are simply enormous and the net loss for the period has changed little from Q2 of this year.<\/p>\n<p>What is even more disturbing is the fact that <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=CERP\">CERP<\/a> registered 41% less revenues than the ones from the second quarter of the year, which can&#8217;t be a good sign at all.<\/p>\n<p>The company CEO, Frederic Sheer, tried to cussion the blow with a conference call on Thursday, but the transcript shows that he was mainly discussing facts about the industry, rather than focusing on <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=CERP\">CERP<\/a>&#8216;s development and the path the company has to take to operate at a profit.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" style=\"float: right; margin: 3px; border: 1px solid black;\" src=\"http:\/\/www.hotstocked.com\/articles-img\/small\/68PGLO_chart.png\" border=\"0\" alt=\"68PGLO_chart.png\" title=\"68PGLO_chart.png\" width=\"350\" height=\"156\" \/>All in all, <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=CERP\">CERP<\/a> remains a risky investment choice for now and we must, as always, advise you to do your own due diligence and weigh out the risks.<\/p>\n<p>New Energy Technologies, Inc. (OTCMKTS:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=NENE\">NENE<\/a>) also had a pretty bad close of the week as the ticker slid 29% down. Pan Global Corp. (OTCMKTS:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=PGLO\">PGLO<\/a>) on the other hand, continued its ascent in the charts, registering a 29.55% gain.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cereplast, Inc. (OTCMKTS:CERP) has been gradually descending the charts since the massive promotional campaign in the beginning of August. The ticker made its biggest percentile movement in a while in Friday&#8217;s session, but it&#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":[36,859,1074],"class_list":["post-3202","post","type-post","status-publish","format-standard","hentry","category-news","tag-cerp","tag-nene","tag-pglo"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/3202","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=3202"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/3202\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=3202"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=3202"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=3202"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}