{"id":8065,"date":"2016-06-14T12:02:05","date_gmt":"2016-06-14T12:02:05","guid":{"rendered":"\/?p=8065"},"modified":"2016-06-14T12:14:37","modified_gmt":"2016-06-14T12:14:37","slug":"iddriven-inc-otcmktsiddrs-run-didnt-last","status":"publish","type":"post","link":"\/articles\/iddriven-inc-otcmktsiddrs-run-didnt-last\/","title":{"rendered":"Iddriven Inc. (OTCMKTS:IDDR)&#8217;s Run Didn&#8217;t Last"},"content":{"rendered":"\n<p><img loading=\"lazy\" decoding=\"async\" style=\"float: right;\" src=\"\/\/s.hotstocked.com\/hotstocked.com\/repository\/articles\/93\/93711\/vzxcvzxvzxcvzx.gif\" border=\"0\" width=\"415\" height=\"240\" \/>Iddriven Inc. (OTCMKTS:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=IDDR\">IDDR<\/a>) managed to explode 20% up the charts when it became clear that it will henceforth be traded on the OTC Markets&#8217; QB tier, but it was clear from the get-go that it was unlikely that the ticker could retain its gains &ndash; and, true to form, it didn&#8217;t. <\/p>\n<p>Yesterday&#8217;s 28.76% plummet brought <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=IDDR\">IDDR<\/a> <\/strong>lower than where it was before its latest jump took it up, which, in retrospect, is an event that should have surprised no one. After all, moving into a higher tier on the OTC Markets is all fine and dandy, but it doesn&#8217;t magically change the fact that we&#8217;re dealing with an idle and unimpressive looking entity with little to no achievements to date.<\/p>\n<p>Sure, investors wishing to commit to <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=IDDR\">IDDR<\/a> <\/strong>stock may henceforth have the opportunity to get their hands on a little more information instead of relying on vague or sloppy&nbsp;pinksheets financials. However, as far as the due diligence one can do here and now is concerned, there is next to nothing this company has going for it.<\/p>\n<p>Frankly, its latest financial report looked the documentation of a sad mess:<\/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 hint at idleness and disinterest at the very least, if not incompetence or something even more nefarious &ndash; and that&#8217;s just scratching the surface.<\/p>\n<p>Once you start reading into it, it turns out that <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=IDDR\">IDDR<\/a> <\/strong>currently has about half a million dollars worth of convertible notes that can be turned into shares of its common stock at a 25% discount of the average stock price 10 days before the conversion. That fact in and of itself should raise a serious red flag for investors, and said red flag is one they would do well to note if they value their money.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" style=\"float: left;\" src=\"\/\/s.hotstocked.com\/hotstocked.com\/repository\/articles\/93\/93711\/vzxcvxzvzx.png\" border=\"0\" width=\"136\" height=\"32\" \/>Now, we can&#8217;t be sure that what we saw yesterday is the direct result of <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=IDDR\">IDDR<\/a><\/strong>&#8216;s toxic funding habits coming back to haunt investor value &ndash; but at this point that seems like a better explanation than most, alongside with &ldquo;<em>the hype just ran its course, which means that the ticker can return to obscure near-illiqudity now<\/em>&rdquo;.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Iddriven Inc. (OTCMKTS:IDDR) managed to explode 20% up the charts when it became clear that it will henceforth be traded on the OTC Markets&#8217; QB tier, but it was clear from the get-go that&#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-8065","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\/8065","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=8065"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/8065\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=8065"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=8065"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=8065"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}