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OSL Holdings Inc (OTCMKTS:OSLH) behaved as anticipated during the last trading session. The company did little to encourage shareholders’ through its recent SEC Filing, which was indicative of rapid share dilution taking place.

Issuance of stock

As per the filing, OSL Holdings Inc (OTCMKTS:OSLH) informed its stakeholders that it had issued nearly 32,889,185 shares of its common stock against the convertible notes held by its creditors. The issue of these shares happened within a month, which points to the length of share dilution. The company did not receive any funds or cash in exchange of such issuance. Further, the company also issued as many as 800,000 shares to its three employees as a bonus.

Analyst report

Though OSL Holdings Inc (OTCMKTS:OSLH) received some hype from an analyst report released by BrokerBank Securities last week, but the lift was short term. The report emphasized on the huge price appreciation and trade volume that the company amassed during the month of April. Further, the report claimed that the company’s recent progress in forming a joint venture with Cheryl Shuman will benefit it in its marijuana segment. The analyst report pointed that the company’s revenue in Q3 and Q4 hints at OSL Holdings Inc (OTCMKTS:OSLH)’s momentum. Overall, the report said nothing new but placed high bets on events that are already known.

Such projections failed to cover OSL Holdings Inc (OTCMKTS:OSLH)’s failure to come up with the 10-k filing, which is becoming a matter of concern for the company’s advocators. All that stakeholders’ need from the company is not big promises but a decent report, which instills confidence in them that the company is doing well. As far as the company’s last financial report is concerned, it was nothing but terrible, where the cash and current balance came in at $36,000 and $946,000 respectively. The company reported a net loss of $1.96 million then.

OSL Holdings Inc (OTCMKTS:OSLH)’s stock shed nearly 27% of its gains and settled at $0.0143 during the previous trading session, while it inched down further by 6% during the after-hours. The average volume of shares was recorded as 39 million.

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Steve Kanaval
Steve Kanaval: Portfolio Manager/Writer/ Market Analyst Steve began his career in the Trading Pits in Chicago making markets at the Chicago Mercantile Exchange (NYSE:CME) the Chicago Board of Trade and the CBOE in the early 80’s. He ran the Morgan Stanley Derivative Prop Trading for the firm specializing in Index Arbitrage. He continued his career as a Trader/Portfolio Manager for multiple Hedge Funds during the Internet Boom of the 90’s managing large portfolios. Steve is known as an expert in MicroCap Technology Stocks and the emerging Digital Currency markets as a Portfolio Manager for his Family Office. Steve has managed portfolio’s in volatile asset classes for 3 decades as a commodity trader, hedge fund manager and digital currency trader and miner. Steve publishes his views on the asset classes in a public forum and has published more than 10,000 articles simplifying these complex and volatile assets for readers. His work is published on multiple sites including Bloomberg, Equities.com, Hacked.com, CryptoCurrencyNews as a paid contributor. His work includes research, journalism and archived video on important market volatility related to stocks, digital currency and other volatile misunderstood asset classes. He offers a humorous, unique insight and the related back stories and drivers for readers interested in volatility and emerging market assets. Full disclosure Steve is long 25 digital currencies and sits on the board of multiple public companies involved in digital currencies, and owns shares in these companies from time to time.