{"id":8047,"date":"2016-06-10T11:02:05","date_gmt":"2016-06-10T11:02:05","guid":{"rendered":"\/?p=8047"},"modified":"2016-06-10T11:15:14","modified_gmt":"2016-06-10T11:15:14","slug":"iddriven-inc-otcmktsiddr-turns-qb","status":"publish","type":"post","link":"\/articles\/iddriven-inc-otcmktsiddr-turns-qb\/","title":{"rendered":"Iddriven Inc. (OTCMKTS:IDDR) Turns QB"},"content":{"rendered":"\n<p><img loading=\"lazy\" decoding=\"async\" style=\"float: right;\" src=\"\/\/s.hotstocked.com\/hotstocked.com\/repository\/articles\/93\/93691\/vxzcvcxz.gif\" border=\"0\" width=\"429\" height=\"248\" \/>Iddriven Inc. (OTCMKTS:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=IDDR\">IDDR<\/a>) managed to add 20.81% to its market cap yesterday on a record dollar volume after climbing to the QB tier of the OTC&nbsp;Markets. <\/p>\n<p>True enough, being listed on a more prestigious&nbsp;tier of the exchange is a nice turn of events for <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=IDDR\">IDDR<\/a>. <\/strong>However, investors would to well to remember that nothing of the company&#8217;s actual state &nbsp;has changed by sheer virtue of it being listed on a higher tier of the exchange. <\/p>\n<p>Not much has changed from the time it was in the pinksheets, and as far as due diligence is concerned, back then <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=IDDR\">IDDR<\/a><\/strong>&nbsp;had scant little that warranted the investors&#8217; interest. The company&#8217;s OTC Markets filings page contains nothing new and relevant, it has no paid pumps targeting it, and its newsfeed is barren &ndash; there seem to be no announcements of exciting achievements that could ignite a hype-fueled rush.<\/p>\n<p>All of those factors are notably absent, and have been absent for a long, long time, which means that investors are currently tripping over each other, committing to the stock of a company, whose latest financial report looked like this:<\/p>\n<ul>\n<li>Cash and cash equivalents &#8211; $161 thousand<\/li>\n<li>Total Current Assets &#8211; $236 thousand<\/li>\n<li>Total Current Liabilities -$1.6 million<\/li>\n<li>Revenues &#8211; $1.7 thousand<\/li>\n<li>Net loss &#8211; $1.6 million<\/li>\n<\/ul>\n<p>Those numbers sort of speak for themselves, outlining <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=IDDR\">IDDR<\/a>&#8216;s <\/strong>practices, habits, achievements to date and very nature, and the picture they paint of all those aspects of the company is not a flattering one.<\/p>\n<p>But you know what&#8217;s even worse? The fact that the company still has half a million worth of debt that can be transformed into shares of <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=IDDR\">IDDR<\/a> <\/strong>common stock at a 25% discount of the average stock price 10 days before the conversion.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" style=\"float: left;\" src=\"\/\/s.hotstocked.com\/hotstocked.com\/repository\/articles\/93\/93691\/vzxcvzx.png\" border=\"0\" width=\"132\" height=\"31\" \/>So, let&#8217;s recap &ndash; an idle and mediocre-looking company that is burdened with debt has climbed to the QB tier of the OTC&nbsp;markets. Does it look like its jump could continue? Could the present situation be exploited, and are the potential profits worth the horrible risks? How long before the whole ordeal turns sour? Naturally, that&#8217;s up to investors to gauge and judge, but a word of fair warning is in order here &#8211; let the buyer beware.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Iddriven Inc. (OTCMKTS:IDDR) managed to add 20.81% to its market cap yesterday on a record dollar volume after climbing to the QB tier of the OTC&nbsp;Markets. True enough, being listed on a more prestigious&nbsp;tier&#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":[1993],"class_list":["post-8047","post","type-post","status-publish","format-standard","hentry","category-news","tag-iddr"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/8047","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=8047"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/8047\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=8047"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=8047"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=8047"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}