COASTAL INTGRTD SVCS (OTCMKTS:COLV) has been moving like a roller coaster on the charts. Mostly, the company has been highlighting recent news, of acquiring an order for 2.5 billion lids over and over again. No doubt the news is exciting and is one that would add a lot of revenues to the company’s balance sheet, but it is being highlighted a little too much. StockTips has been constantly promoting the company and its recent achievements.

The main highlight from StockTips was the addition of $4.5 million from Laluna Services, to the budget. Despite getting so much attention, the investors still seem to be looking at the red flags around Coastal over and over again. The company’s latest filing showed just $794 in cash and total assets. Liabilities totaled to $256,000, with zero revenues and a net loss of $19,000. Basically, it has all been left up to the newly acquired subsidiary, Simply Lids, to carry Coastal Integrated Services forward.

Unfortunately, Simply Lids is a fairly new company and has just one product to market. Although the company’s novel and innovative lids bring together a completely new and enjoyable drinking experience, but it certainly would not be enough. The best Simply Lids can do for Coastal is adding some revenues to its balance sheet, but that would also be accompanied by added expenditures of running a subsidiary. Coastal needs a product of its own and it needs to develop one fast.

Additionally, the last we heard from Coastal was the PR announcing the NDA with Havi Global Solutions. Since then, there has been no update or any additional news from the company. Coastal has yet to announce the price it has quoted to Havi Global for 2.5 billion lids annually and what it intends to do with the added budget. Until these things clear out, the stock is expected to keep moving as a roller coaster.

COASTAL INTGRTD SVCS (OTCMKTS:COLV) is currently trading at $1.51 gaining 2.72% from yesterday’s close. The stock has a market capitalization of $30.83 million.