{"id":8241,"date":"2016-07-07T13:02:04","date_gmt":"2016-07-07T13:02:04","guid":{"rendered":"\/articles\/?p=8241"},"modified":"2016-07-07T13:14:56","modified_gmt":"2016-07-07T13:14:56","slug":"dakota-plains-holdings-inc-otcmktsdakp-drops-to-the-pinksheets","status":"publish","type":"post","link":"\/articles\/dakota-plains-holdings-inc-otcmktsdakp-drops-to-the-pinksheets\/","title":{"rendered":"Dakota Plains Holdings, Inc. (OTCMKTS:DAKP) Drops To The Pinksheets"},"content":{"rendered":"<p>tags: DAKP <\/p>\n<p><img loading=\"lazy\" decoding=\"async\" style=\"float: right;\" src=\"\/\/s.hotstocked.com\/hotstocked.com\/repository\/articles\/93\/93865\/vxzcvxzc.png\" border=\"0\" width=\"431\" height=\"192\" \/>Dakota Plains Holdings, Inc. (OTCMKTS:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=DAKP\">DAKP<\/a>) got de-listed from the NYSE two sessions ago &ndash; and it shows on the charts. <\/p>\n<p>The ticker has dropped all the way from $0.11 to $0.5 in just two sessions, and although yesterday&#8217;s 23.08% crash wasn&#8217;t as horrendous as the one that preceded it, it doesn&#8217;t really seem like the ticker&#8217;s downward momentum is dissipating.<\/p>\n<p>Truth be told it is no surprise to see <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=DAKP\">DAKP<\/a><\/strong> return to the OTC Markets. After all, its balance sheets have been looking like those of an OTC Markets company for quite a while:<\/p>\n<ul>\n<li>Cash and Cash Equivalents &#8211; $1.9 million<\/li>\n<li>Total Current Assets &#8211; $9.1 million<\/li>\n<li>Total Assets &#8211; $64.6 million<\/li>\n<li>Total Revenues &#8211; $3.3 million<\/li>\n<li>Net Income &#8211; $210 thousand<\/li>\n<\/ul>\n<p>At first glance, it those financials look like they belong on the OTCQB tier &ndash; just breaking even. That is the case, until you take into account the OTHER part of its filings:<\/p>\n<ul>\n<li>Total Current Liabilities &#8211; $35.6 MILLION<\/li>\n<li>Total Liabilities &#8211; $91 MILLION<\/li>\n<\/ul>\n<p>All in all, it&#8217;s no wonder that, as reported by Fiscal Standard, &ldquo;<em>analysts working for various investment brokerages have changed their ratings and price targets<\/em>&rdquo; &#8211; although admittedly, a market cap of under $3 million may be a bit low for a functioning entity that even manages to keep its head over the water.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" style=\"float: left;\" src=\"\/\/s.hotstocked.com\/hotstocked.com\/repository\/articles\/93\/93865\/vzxcvxzvzx.png\" border=\"0\" width=\"186\" height=\"48\" \/>Then again, <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=DAKP\">DAKP<\/a> <\/strong>does have &ldquo;<em>$25.9 million aggregate principal amount of promissory notes due within the next twelve months<\/em>&rdquo;, and that sort of thing can certainly prove problematic when a company gets de-listed from a higher exchange. Investors should really take that into consideration when eyeing <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=DAKP\">DAKP<\/a> <\/strong>stock.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>tags: DAKP Dakota Plains Holdings, Inc. (OTCMKTS:DAKP) got de-listed from the NYSE two sessions ago &ndash; and it shows on the charts. The ticker has dropped all the way from $0.11 to $0.5 in&#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":[],"class_list":["post-8241","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/8241","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=8241"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/8241\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=8241"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=8241"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=8241"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}