{"id":6137,"date":"2015-07-03T10:13:23","date_gmt":"2015-07-03T10:13:23","guid":{"rendered":"\/?p=6137"},"modified":"2015-07-03T10:39:32","modified_gmt":"2015-07-03T10:39:32","slug":"thinspace-technology-inc-otcmktsthns-sinks-even-lower","status":"publish","type":"post","link":"\/articles\/thinspace-technology-inc-otcmktsthns-sinks-even-lower\/","title":{"rendered":"Thinspace Technology Inc (OTCMKTS:THNS) Sinks Even Lower"},"content":{"rendered":"\n<p><img loading=\"lazy\" decoding=\"async\" style=\"float: right;\" src=\"\/\/s.hotstocked.com\/hotstocked.com\/repository\/articles\/90\/90607\/sc.png\" border=\"0\" width=\"431\" height=\"192\" \/>The lack of volatility didn&#8217;t stop Thinspace Technology Inc (OTCMKTS:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=THNS\">THNS<\/a>) from sliding all the way to the bottom of the charts under the weight of all the paid pumps thrown its way since the beginning of 2015. <\/p>\n<p>Interestingly enough, the ticker drew the investors&#8217; attention as late as about a week ago, in spite of the efforts of pumpers like Value Penny Stocks and HiddenGemStocks. Evidently, TheNextBigTrade, BeatPennyStocks and PennyPicks did a much better job, as daily dollar volumes reached more than a million dollars on July 26. Evidently, Microcap Innovations, the third party paying for most of the more recent pumps, knows which promoter to pay in order to get its money&#8217;s worth.<\/p>\n<p>As the charts can attest, the pumpers efforts succeeded &ndash; the ticker was stirred into motion and exploded up the charts for three whole trading sessions. Of course, it crashed immediately after, but that is to be expected &ndash; that is how pumps work after all.<\/p>\n<p>And by now, there probably should not be any doubt in investors that <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=THNS\">THNS<\/a> <\/strong>is just your average pump job. Just look at its latest financial report:<\/p>\n<ul>\n<li>cash &#8211; $166 thousand<\/li>\n<li>current liabilities &#8211; $15 million<\/li>\n<li>quarterly revenues &#8211; $709 thousand<\/li>\n<li>quarterly net loss &#8211; $270 thousand<\/li>\n<\/ul>\n<p>Those numbers are simply atrocious, and the bad news is that they are not the only red flag that pops up after a bit of digging in <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=THNS\">THNS<\/a>&#8216;s <\/strong>filings.<\/p>\n<p>Another disturbing fact is that as of June 12, the company had 123 million common shares outstanding.<\/p>\n<p>On June 26, <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=THNS\">THNS<\/a> <\/strong>registered 114 million in daily volume. This hints at the probability that the numbers from 20 days ago are no longer current, because a bunch of shares have entered circulation around the time the ticker took off.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" style=\"float: left;\" src=\"\/\/s.hotstocked.com\/hotstocked.com\/repository\/articles\/90\/90607\/fsafssss.png\" border=\"0\" width=\"200\" height=\"34\" \/>Such a turn of events would hardly surprise anyone, given <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=THNS\">THNS<\/a>&#8216;s <\/strong>current circumstances.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The lack of volatility didn&#8217;t stop Thinspace Technology Inc (OTCMKTS:THNS) from sliding all the way to the bottom of the charts under the weight of all the paid pumps thrown its way since the&#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":[1503],"class_list":["post-6137","post","type-post","status-publish","format-standard","hentry","category-news","tag-thns"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/6137","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=6137"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/6137\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=6137"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=6137"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=6137"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}