{"id":6236,"date":"2015-07-11T15:14:26","date_gmt":"2015-07-11T15:14:26","guid":{"rendered":"\/?p=6236"},"modified":"2015-07-11T15:39:40","modified_gmt":"2015-07-11T15:39:40","slug":"walter-energy-inc-nysewlt-otcmktswltg-accelerates-its-slide","status":"publish","type":"post","link":"\/articles\/walter-energy-inc-nysewlt-otcmktswltg-accelerates-its-slide\/","title":{"rendered":"Walter Energy, Inc. (NYSE:WLT) (OTCMKTS:WLTG) Accelerates Its Slide"},"content":{"rendered":"\n<p><img loading=\"lazy\" decoding=\"async\" style=\"float: right;\" src=\"\/\/s.hotstocked.com\/hotstocked.com\/repository\/articles\/90\/90705\/drne.png\" border=\"0\" width=\"442\" height=\"197\" \/>Walter Energy, Inc. (NYSE:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=WLT\">WLT<\/a>) had a terrible crash when it finally got de-listed from the NYSE &ndash; and it seems like the OTC Markets has not taken kindly to it either. <\/p>\n<p>Yesterday saw the ticker crash a horrifying 27%, on a 584 thousand dollar volume that might have been next to nonexistent for the NYSE, but is quite significant by the standards of the OTC Markets.<\/p>\n<p>The 8-K that announced <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=WLT\">WLT<\/a>G&#8217;s <\/strong>fall from grace named the &#8220;abnormally low trading price of the Company&#8217;s common stock&#8221; as the reason for it being de-listed from the NYSE. One look at <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=WLT\">WLT<\/a>G&#8217;s <\/strong>latest 10-Q reveals the reason why its shares are so cheap now:<\/p>\n<ul>\n<li>Cash and cash equivalents &#8211; $434 million<\/li>\n<li>Total current assets &#8211; $888 million<\/li>\n<li>Total current liabilities &ndash; $<span style=\"color: #ff0000;\"><strong>3.4 BILLION<\/strong><\/span><\/li>\n<li>Sales &#8211; $285 million<\/li>\n<li>Net loss &#8211; $80 million<\/li>\n<\/ul>\n<p><strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=WLT\">WLT<\/a>G<\/strong>&nbsp;has been doing poorly both commercially years now, racking more and more net loss and liabilities with each passing quarter. The fact that its share prices reached over $130 about four years ago is really indicative of how the company has fallen since then. Its slide was unstoppable, which meant that it was just a matter of time before it reached hit penny land and ended up on the OTC Markets.<\/p>\n<p>As it is now, <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=WLT\">WLT<\/a>G&nbsp;<\/strong>operates on a scale larger than most of the other companies on the exchange &ndash; but at the same time it shows the same disturbing symptoms that usually bring them down, such as failure to make a profit, indebtedness and so on.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" style=\"float: left;\" src=\"\/\/s.hotstocked.com\/hotstocked.com\/repository\/articles\/90\/90705\/fasdfas.jpg\" border=\"0\" width=\"146\" height=\"46\" \/>Which is why, under the circumstances, it wouldn&#8217;t be surprising to see the ticker continue its downward course to the bottom of the charts &ndash; just like unsuccessful Pinksheets tickers tend to do.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Walter Energy, Inc. (NYSE:WLT) had a terrible crash when it finally got de-listed from the NYSE &ndash; and it seems like the OTC Markets has not taken kindly to it either. Yesterday saw 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":[1733,1734],"class_list":["post-6236","post","type-post","status-publish","format-standard","hentry","category-news","tag-wlt","tag-wltg"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/6236","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=6236"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/6236\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=6236"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=6236"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=6236"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}