{"id":6530,"date":"2015-08-12T15:12:28","date_gmt":"2015-08-12T15:12:28","guid":{"rendered":"\/?p=6530"},"modified":"2015-08-12T15:39:31","modified_gmt":"2015-08-12T15:39:31","slug":"konared-corp-otcmktskred-sinks-after-an-underwhelming-q2-report","status":"publish","type":"post","link":"\/articles\/konared-corp-otcmktskred-sinks-after-an-underwhelming-q2-report\/","title":{"rendered":"Konared Corp (OTCMKTS:KRED) Sinks After an Underwhelming Q2 Report"},"content":{"rendered":"\n

Konared Corp (OTCMKTS:KRED<\/a>)’s shareholders are no stranger to disappointment. The company went public after a reverse merger in September 2014 and just a few short months later, the stock found itself on the receiving end of a massive multi-million dollar paid promotion.<\/p>\n

It must be said that the pump for KRED<\/a><\/strong> was among the more long-lasting campaigns we’ve seen which means that the people who timed their entry and exit points well were faced with some healthy profit opportunities. A pump is a pump, however, and, as the more experienced among you probably know, these sort of campaigns, no matter how strong, tend to cause quite a lot of damage. KRED<\/a><\/strong> could serve as a classic case in point. Sure, the crash wasn’t as violent as the one experienced by other promoted stocks, but the ticker still dropped from over $1 per share to just $0.06 in a matter of less than a year. <\/p>\n

Then, however, at the end of February, a light at the end of the tunnel appeared. A few press releases and a promising-looking revenue figure in the 2014 10-K meant that people were once again ready to trust the stock with their money.<\/p>\n

The pumpers tried to wreak havoc with the price at the end of last month, but even that wasn’t enough to put investors off completely. People knew that the Q2 report is coming and they were expecting some good-looking figures from it.<\/p>\n

The report in question came out after the closing bell on Friday and you don’t really need to open it to see that the figures in it failed to meet investors’ expectations. All you need to do is take a look at the stock performance from yesterday. KRED<\/a><\/strong> lost more than 17% of its value in a matter of just six and a half hours and it closed the day at less than $0.10 per share for the first time in over five months.<\/p>\n

Here’s what made investors’ upset:<\/p>\n