{"id":3528,"date":"2014-01-06T16:13:04","date_gmt":"2014-01-06T16:13:04","guid":{"rendered":"\/?p=3528"},"modified":"2014-01-06T16:13:32","modified_gmt":"2014-01-06T16:13:32","slug":"quadrant-4-systems-corp-otcmktsqfor-closes-the-week-red","status":"publish","type":"post","link":"\/articles\/quadrant-4-systems-corp-otcmktsqfor-closes-the-week-red\/","title":{"rendered":"Quadrant 4 Systems Corp (OTCMKTS:QFOR) Closes The Week Red"},"content":{"rendered":"

\"59QFOR_chart.png\"After a peak in trading in the beginning of December, the stock of Quadrant 4 Systems Corp (OTCMKTS:QFOR<\/a>) dropped in price and the ticker continued to move through the month swaying in both directions. <\/p>\n

While it managed to stay above the $1 mark, the company stock wasn’t traded a lot and volumes were kept below QFOR<\/a>‘s average of 380 thousand. Despite the regular optimistic news coming from the company, however, QFOR<\/a> closed the past week in the red.<\/p>\n

The ticker dropped some 15.15% in Friday, after the company announced that it has issued 1.7 million shares of common stock to certain holders of warrants in order to cover some of its debt. This, however, wasn’t to the liking of many and the stock dropped below the $1 mark and QFOR<\/a> closed the session at $0.857 with 236 thousand shares that switched hands, generating $230 thousand in dollar volume.<\/p>\n

Indeed, the company has quite some debt to cover and the cash on hand QFOR<\/a> reported in the third quarter of the year was really low.<\/p>\n

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