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After a couple of horrific weeks during which That Marketing Solution Inc (OTCMKTS:TSTS<\/a>) managed to wipe 99% of its value and to drop from over 10 cents to a new 52-week low of $0.0011 last Friday the company finally managed to spike upwards. In fact the performance of the stock during the session was nothing short of impressive and as a result TSTS<\/a> <\/strong>closed the day at $0.0024 for a gain of exactly 100%. Equally was impressive was the fact that the daily volume surpassed the previous record of 80 million traded shares and reached 82.3 million shares.<\/p>\n It is obvious that investors are still paying attention to the company but what caused the sudden change in sentiment? – All it took was a single PR in which TSTS<\/a> <\/strong>announced that they have successfully micellized CBD oil. Now they will be looking to find how exactly to monetize it.<\/p>\n While this development is definitely a major step for the company it alone cannot offset the plethora of red flags around TSTS<\/a><\/strong>. So far the financial results of the company have been extremely underwhelming. According to the latest financial report at the end of May the company had:<\/p>\n • $3238 cash The lack of resources forced the management team to look for external sources of funds. As a result TSTS<\/a> <\/strong>sold 2 convertible notes totaling $275 thousand while more recently they sold a convertible promissory note to the notorious toxic funder JMJ Financial. On October 20 the two initial notes reached maturity but TSTS<\/a> <\/strong>failed to repay them allowing their holders to start turning them into common shares at massive discounts to the market price – as we warned you in our previous article the discounts range from 40% to 60%<\/strong> depending on the terms of the note. Investors should be prepared for even more dilution judging by the 8-K form filed last Tuesday. It informed us that TSTS<\/a> <\/strong>are going to increase their authorized shares from 500 million to 1.5 BILLION<\/strong>. <\/p>\n If the next financial report that should be filed by the end of month shows some improvements and TSTS<\/a> <\/strong>don’t go into silence for the next several months their stock could start to recover. The potential dilution must be taken into account though and any trades should be adjusted accordingly.<\/p>\n
• $74,079 total current assets
• $622 thousand total current liabilities
• ZERO revenues
• $386 thousand net loss<\/p>\n