{"id":6258,"date":"2015-07-15T13:12:41","date_gmt":"2015-07-15T13:12:41","guid":{"rendered":"\/?p=6258"},"modified":"2015-07-15T13:39:35","modified_gmt":"2015-07-15T13:39:35","slug":"walter-energy-inc-otcmktswltg-cant-find-rock-bottom","status":"publish","type":"post","link":"\/articles\/walter-energy-inc-otcmktswltg-cant-find-rock-bottom\/","title":{"rendered":"Walter Energy, Inc. (OTCMKTS:WLTG) Can’t Find Rock Bottom"},"content":{"rendered":"\n

Walter Energy, Inc. (OTCMKTS:WLT<\/a>G”>WLT<\/a>G<\/a>) dropped 20% on an impressive dollar volume yesterday, as its momentum from last week carried it further down to the bottom of the charts. <\/p>\n

Quite a few investors expected that the ticker would halt as it raced past the dime mark, but that did not turn out to be the case – WLT<\/a>G”>WLT<\/a>G<\/a> <\/strong>sped right past it, and by the time the closing bell arrested its descent, the ticker had already fallen as low as $0.075.<\/p>\n

There is a good reason for that fall, too. True, the fact remains that WLT<\/a>G”>WLT<\/a>G<\/a> <\/strong>was, until just days ago, traded on the NYSE, and as such the company operates on an entirely different scale from most OTC Markets pinksheets companies. It is a huge established enterprise that operates on three separate markets that bring hundreds of millions of dollars worth of revenue.<\/p>\n

However, it is also a fact that WLT<\/a>G”>WLT<\/a>G<\/a> <\/strong>ended up on the OTC Markets pink tier because it was not doing well on the NYSE.<\/p>\n

Over the course of the last four years or so, WLT<\/a>G”>WLT<\/a>G<\/a>‘s <\/strong>share price has ridden a horrifying roller-coaster dropped from $130 all the way to less than a dime. Its recent “abnormally low share prices” are the reason why it is no longer traded on the NYSE, and the reason behind said dismally low prices becomes clear after a glance at its latest financial report:<\/p>\n