In yesterday’s trading session, the stock price of That Marketing Solution Inc (OTCMKTS:TSTS) declined more than 45% to close at $0.0490. The decline came at a share volume of 15.19 million, much higher than average share volume of 136,723. With the exception of few short lived price jumps this year, the stock has spent most of this year hovering around the current price.
Is there any evident reason for the sharp decline in yesterday’s trading session. Well, That Marketing last issued its PR a couple of months ago and it was not particularly promising. On July 29, 2015 the company reported that they were awarded ‘Kosher’ certification for its three products. Since then there are not any few filings and even last quarterly report submitted for the period ended May 31, 2015 provides no relief to investors.
As per the last report for the quarter ended May 31, 2015, the company posted cash of $3238. Unfortunately, the cash reserves appear too low to even consider an investment in the company. The total current assets in the quarter stood at $74,079 while total liabilities amounted to $622,000. That Marketing Solution Inc (OTCMKTS:TSTS) posted revenue of $0 while net loss came at $386,000. The balance sheet is extremely atrocious and even the international order announced on July 22 fails to enhance the overall performance by much. In fact, That Marketing cannot justify their market cap of nearly $26 million.
That Marketing Solution Inc (OTCMKTS:TSTS) managed to post few sessions of gain following the paid promotional campaigns in the year. The company became a target of email touts a couple of months ago. Since February, the company has been touted by over 170 promotional mails. Last time, the compensation disclosed amounted to as much as $14,000 with the biggest compensation going to outfits like Market Caliber Team and Penny Pick Finders.