The severe declined for That Marketing Solution Inc (OTCMKTS:TSTS) as it finished the last trading session with a huge loss of 50% in a single session. The volume of 4.6 million against the daily average of 1.1 million reflected the intensity of the capitulation on the part of the desperate and scared investors. The stock had just broken the lower end of its long term base and that can only add to the bearish sentiment to a major degree. It has hit a new 52 week low in the last session and it may keep on doing the same for a few more sessions.
In last trading session, the stock price of That Marketing Solution Inc (OTCMKTS:TSTS) declined 50% and closed the day at $0.0245. TSTS stock has been targeted by promotional outfits on several occasions which have raised concerns about the future stock performance. Between February 2015 and September 2015 more than 170 emails have been sent in order to create artificial hype around TSTS stock.
As a result, it should not come as a surprise that another outfit tried to do that last week. This time investors’ active on message boards reported that the outfit the Wolf of Penny Stocks issued an overly-positive email alert for That Marketing. And initially after the launch of campaign it seemed that the tout was working as TSTS moved north on the chart making a high of $0.125. What was registered after that though can be termed only as a total disaster.
That Marketing stock began plunging straight to move at the bottom of the char and by the time the session came to an end, the stock had fallen to as low as $0.0490 per share. In a single trading session, That Marketing stock eroded over 45% of its market value. Throughout the trading session the exceptional amount of fifteen million TSTS shares made their way into open market. This decline didn’t stop here and the stock registered loss of exact 50% in following trading session.
Now that That Marketing has been almost reduced in half with their market cap shrunk to $7.10 million, it seems an appropriate time to check whether this valuation is realistic? Well, as per the latest financial report for the three-month period ended May 31, the company recorded cash of $3238. The total current assets came at $74,079 while the total current liabilities amounted to $622,000. That posted revenue of $0 and net loss of $386,000.