{"id":3305,"date":"2013-11-29T16:15:54","date_gmt":"2013-11-29T16:15:54","guid":{"rendered":"\/?p=3305"},"modified":"2013-11-29T16:15:57","modified_gmt":"2013-11-29T16:15:57","slug":"a-bad-week-for-fuse-science-inc-otcmktsdrop","status":"publish","type":"post","link":"\/articles\/a-bad-week-for-fuse-science-inc-otcmktsdrop\/","title":{"rendered":"A Bad Week for Fuse Science, Inc. (OTCMKTS:DROP)"},"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\/6DROP_chart.png\" border=\"0\" alt=\"6DROP_chart.png\" title=\"6DROP_chart.png\" width=\"400\" height=\"178\" \/>The stock of Fuse Science, Inc. (OTCMKTS:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=DROP\">DROP<\/a>) had a tough month in which it slid even lower in price. The regular PR from the company and the sportsmen that are advertising their products seem to be insufficient to provide a better direction. <\/p>\n<p>Speaking of that, we can&#8217;t miss out to mention the latest commercial that the company announced on November 26. It&#8217;s 30 seconds long and features the 2013 World Serioes MVP and Boston Red Sox player David Ortiz.<\/p>\n<p>These news proved, yet again, unable to generate a positive movement of the stock and the ticker registered another 11% loss before Thanksgiving. The volume was a little over the stock&#8217;s average with 7.3 million shares switching hands and a trade value of $148 thousand.<\/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\/352LOGO.png\" border=\"0\" alt=\"352LOGO.png\" title=\"352LOGO.png\" width=\"150\" height=\"64\" \/>It couldn&#8217;t be any other way considering the fact that we still haven&#8217;t seen the financial state of the company from the third quarter of this year. If you have followed our coverage of <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=DROP\">DROP<\/a> you would know that their second quarter wasn&#8217;t impressive and contained the following numbers.<\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li>cash: $380 thousand<\/li>\n<li>current assets: $1.9 million<\/li>\n<li>total assets: $2.2 million<\/li>\n<li>current liabilities: $1.9 million<\/li>\n<li>revenues: $322 thousand<\/li>\n<li>net loss: $3.6 million<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p>As you can see for yourself, the company&#8217;s situation is not rosy at all. A big red flag is the huge amount of net loss, which has grown by 56% compared to the same period in 2012 and dwarfs the generated revenues.<\/p>\n<p>The situation won&#8217;t change until we get some optimistic, number backed information on how <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=DROP\">DROP<\/a> fared in the third quarter of the year, but we might expect them to file their report late, just like they did for Q2.<\/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\/18BZNE_chart.png\" border=\"0\" alt=\"18BZNE_chart.png\" title=\"18BZNE_chart.png\" width=\"350\" height=\"156\" \/>In any case, be sure to do a lot of due diligence and weigh out the risks if you are thinking of betting on <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=DROP\">DROP<\/a>.<\/p>\n<p>Fresh Healthy Vending International, Inc. (OTCBB:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=VEND\">VEND<\/a>) also had a bad session before the holiday in which their stock dropped 28% in price. Biozone Pharmaceuticals, Inc. (OTCBB:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=BZNE\">BZNE<\/a>) on the other hand ended the session with a 25% gain.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The stock of Fuse Science, Inc. (OTCMKTS:DROP) had a tough month in which it slid even lower in price. The regular PR from the company and the sportsmen that are advertising their products seem&#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":[1022,162,1129],"class_list":["post-3305","post","type-post","status-publish","format-standard","hentry","category-news","tag-bzne","tag-drop","tag-vend"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/3305","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=3305"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/3305\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=3305"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=3305"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=3305"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}