{"id":6231,"date":"2015-07-11T13:15:36","date_gmt":"2015-07-11T13:15:36","guid":{"rendered":"\/?p=6231"},"modified":"2015-07-11T13:39:32","modified_gmt":"2015-07-11T13:39:32","slug":"thinspace-technology-inc-otcmktsthns-explodes-into-motion","status":"publish","type":"post","link":"\/articles\/thinspace-technology-inc-otcmktsthns-explodes-into-motion\/","title":{"rendered":"Thinspace Technology Inc (OTCMKTS:THNS) Explodes Into Motion"},"content":{"rendered":"\n<p><img loading=\"lazy\" decoding=\"async\" style=\"float: right;\" src=\"\/\/s.hotstocked.com\/hotstocked.com\/repository\/articles\/90\/90698\/drne.png\" border=\"0\" width=\"424\" height=\"189\" \/>Thinspace Technology Inc (OTCMKTS:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=THNS\">THNS<\/a>) managed to add 61.11% to its market value yesterday, as another wave of hype gripped the ticker and flung it skyward. <\/p>\n<p>The company&#8217;s message boards are currently teaming with activity, optimism and, it seems, more than a little wishful thinking. The only question is &ndash; why?<\/p>\n<p>There is no new PR, no social network activity, no news on <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=THNS\">THNS<\/a>&#8216;s<\/strong> website and no new paid pumps. The company hasn&#8217;t filed any new meaningful financial reports either, and the last one it did put out&nbsp;hardly inspired confidence:<\/p>\n<ul>\n<li>Cash and cash equivalents &#8211; $166 thousand<\/li>\n<li>Total current assets &#8211; $784 thousand<\/li>\n<li>Total current liabilities &#8211; $15.7 MILLION<\/li>\n<li>Revenues &#8211; $790 thousand<\/li>\n<li>Net loss &#8211; $270 thousand<\/li>\n<\/ul>\n<p>True enough, about 12 million of the company&#8217;s current liabilities can be attributed to &ldquo;<em>change of fair value of derivative liabilities<\/em>&rdquo;, but even so, the report looks quite bleak. The fact that <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=THNS\">THNS<\/a><\/strong> has about $800 thousand worth of loans and convertible notes payable is not too reassuring, either.<\/p>\n<p>It basically means that a lot of shares can be converted and heaped on the heads of unsuspecting investors at any time.<\/p>\n<p>The fact that not long ago the company registered a session where a number of shares equal to its shares outstanding changed hands suggests that the flood of shares is already taking place. And since <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=THNS\">THNS<\/a><\/strong> has 500 million authorized shares there&#8217;s still a lot of possibility for dilution.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" style=\"float: left;\" src=\"\/\/s.hotstocked.com\/hotstocked.com\/repository\/articles\/90\/90698\/fsdafas.png\" border=\"0\" width=\"202\" height=\"60\" \/>While all of this is taking place, the company is receiving paid pumps. Investors should really take notice of that before they jump at <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=THNS\">THNS<\/a><\/strong> stock.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Thinspace Technology Inc (OTCMKTS:THNS) managed to add 61.11% to its market value yesterday, as another wave of hype gripped the ticker and flung it skyward. The company&#8217;s message boards are currently teaming with activity,&#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-6231","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\/6231","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=6231"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/6231\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=6231"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=6231"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=6231"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}