{"id":4361,"date":"2014-04-11T12:14:50","date_gmt":"2014-04-11T12:14:50","guid":{"rendered":"\/?p=4361"},"modified":"2014-04-11T12:27:14","modified_gmt":"2014-04-11T12:27:14","slug":"avworks-aviation-corp-otcmktsspli-falling-down-hard","status":"publish","type":"post","link":"\/articles\/avworks-aviation-corp-otcmktsspli-falling-down-hard\/","title":{"rendered":"AvWorks Aviation Corp. (OTCMKTS:SPLI) Falling Down Hard"},"content":{"rendered":"\n<p style=\"margin-bottom: 0in;\"><img loading=\"lazy\" decoding=\"async\" style=\"float: right;\" src=\"http:\/\/www.hotstocked.com\/articles-img\/small\/8sp.png\" border=\"0\" width=\"400\" height=\"178\" \/>AvWorks Aviation Corp. (OTCMKTS:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=SPLI\">SPLI<\/a>) was off to a good start in recovering some of the ground it had lost over the last few sessions, when the news of the suspension of a &ldquo;prominent&rdquo; pot-stock company hit the web yesterday. The SEC&#8217;s act threw the whole marijuana stock market into chaos, which resulted in a sector wide crash that cost <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=SPLI\">SPLI<\/a> 31.25% of its market value.<\/p>\n<p style=\"margin-bottom: 0in;\"><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=SPLI\">SPLI<\/a> share prices had risen significantly on April 9, perhaps not without reason. Once the company&#8217;s 8-K reporting its merger into an entity called Vapor Group Inc. hit the web, it became obvious that the merger had increased <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=SPLI\">SPLI<\/a>&#8216;s chances of commercial success somewhat. Even after the merger, the company&#8217;s present financial state is barely praiseworthy, but it is still considerably better than it was before: <\/p>\n<ul>\n<li>cash on hand &#8211; $48 thousand<\/li>\n<li>current assets &#8211; $944 thousand<\/li>\n<li>current liabilities &#8211; $1.1 million<\/li>\n<li>annual revenues &#8211; $1.9 million<\/li>\n<li>annual net income &#8211; $161 thousand<\/li>\n<\/ul>\n<p>The numbers in the consolidated balance sheet had just began to push <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=SPLI\">SPLI<\/a> up, when the news of Growlife Inc. (OTCBB:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=PHOT\">PHOT<\/a>)&#8217;s suspension by the SEC hit the wire and toppled the whole market. As a result during the ensuing disaster <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=SPLI\">SPLI<\/a> stock dropped all the way down to $0.126. But even though the drop was sudden and dramatic, it may not have been entirely unreasonable and purely hype-driven.<\/p>\n<p style=\"margin-bottom: 0in;\">Even the most superficial research on the company reveals that <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=SPLI\">SPLI<\/a> currently has a market cap of $34.16 million &ndash; and that is after it crashed. Can this price be the realsitic market evaluation of a company that currently has more liabilities than the total of its assets and cash on hand? Is it any wonder that a company with such an overblown market value crashed as hard as it did, given the current volatile market state?<\/p>\n<p style=\"margin-bottom: 0in;\">There is also the issue with <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=SPLI\">SPLI<\/a>&#8216;s CEO to consider. Fervent <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=SPLI\">SPLI<\/a> supporters may turn a blind eye to this, but the fact remains that Mr. Dror Svorai&#8217;s past problems with the law is are not something a diligent investor should ignore.<\/p>\n<p style=\"margin-bottom: 0in;\"><img loading=\"lazy\" decoding=\"async\" style=\"float: left;\" src=\"http:\/\/www.hotstocked.com\/articles-img\/small\/49SPLI_logo.png\" border=\"0\" width=\"120\" height=\"28\" \/>Investors who want to increase, or at the very least hold onto their money, might want to think very long and very carefully before committing to the stock of cannabis-related companies. As yesterday&#8217;s crash clearly showed, the current marijuana stock market is more treacherous than ever.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>AvWorks Aviation Corp. (OTCMKTS:SPLI) was off to a good start in recovering some of the ground it had lost over the last few sessions, when the news of the suspension of a &ldquo;prominent&rdquo; pot-stock&#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":[21,1254],"class_list":["post-4361","post","type-post","status-publish","format-standard","hentry","category-news","tag-phot","tag-spli"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/4361","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=4361"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/4361\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=4361"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=4361"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=4361"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}