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On Wednesday eMONEco, Inc. (OTCMKTS:EMON<\/a>) saw more than a million of their shares being traded in a single session. Such enormous interest was unprecedented for the stock and the positive momentum pushed it 12% up the chart. On the very next day however the performance of the company took a turn for the worse. Opening at $0.18, just below its previous close, EMON<\/a> <\/strong>found themselves nearly 29% in the red by the time of the closing bell. The ticker finished the session at its lowest point for the day of $0.13.<\/p>\n The sudden drop shouldn’t have come as a surprise. In our previous article we already warned you that there was nothing supporting the stock and that the multitude of red flags could easily depress the ticker downwards.<\/p>\n Outside of its SEC filings EMON<\/a> <\/strong>has not issued a single press release for the past six months. Without any information about the current operations of the company investors were left to rely on EMON<\/a>‘s <\/strong>financial reports. So let’s see what the company had to offer at the end of July:<\/p>\n • $2802 cash To say that the balance sheet is nothing short of depressing would be an understatement. EMON<\/a> <\/strong>have almost non-existent cash reserves, they have failed to generate any revenues at all while the losses are continuing to grow – for the nine months ended July 31 the company reported net loss of $1.77 million.<\/p>\n Investors should also keep in mind that the people who bought 24,180,000 shares for just $40,500<\/strong> could still own a portion of that amount. Even at the current market price of the stock, just a few months back EMON<\/a> <\/strong>were actually trading and more than $2 per share, these people could steal reap massive profits. <\/p>\n","protected":false},"excerpt":{"rendered":" On Wednesday eMONEco, Inc. (OTCMKTS:EMON) saw more than a million of their shares being traded in a single session. Such enormous interest was unprecedented for the stock and the positive momentum pushed it 12%...<\/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":[1644],"class_list":["post-7483","post","type-post","status-publish","format-standard","hentry","category-news","tag-emon"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/7483","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=7483"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/7483\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=7483"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=7483"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=7483"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
• $17,802 total assets
• $599 thousand current liabilities
• $376 thousand other current liabilities
• ZERO revenues
• $221 thousand net loss<\/p>\n