First Liberty Power Corp. (OTCMKTS:FLPC)’s Annual Report Doesn’t Help The Price

1FLPC_chart.pngFirst Liberty Power Corp. (OTCMKTS:FLPC) had a very good run in the past month, registering only 7 session in the red which couldn’t stop its momentum. The ticker started this month in the same manner and climbed as high as $0.07 per share.

Things, however, turned around and after the stock’s price moved up only 0.14% in Monday’s session FLPC began to slide down. In the meantime the company filed its annual report and judging by it, the trend will continue if there aren’t some positive news.

 

  • cash: $5.2 thousand
  • current assets: $8.3 thousand
  • total assets: $113 thousand
  • current liabilities: $1.8 million
  • revenues since inception: $0
  • net loss: $2.7 million

 

738LOGO.pngAs you can see, the numbers of prime interest do not invoke any optimism, and this is the exact reason for the stock’s results. FLPC is gathering momentum in a downward direction and has lost a total of 38% in value by now.

It seems that this week is also bad for OTCBBJournal, because they failed with their tout reports from Monday. They promoted FLPC among several other stocks, one of which was Psychic Friends Network, Inc. (OTCBB:PFNI), which also had a bad week.

9SEEK_chart.pngIt seems that even though FLPC is being traded in smaller and smaller volumes, this doesn’t affect the price’s course. Some optimistic PR from the company might turn the tide, however, we would advise you to do a lot of due diligence and weigh out the risks, especially when dealing with OTC companies.

TheDirectory.com, Inc. (OTCMKTS:SEEK) continued to crash yesterday as it recorded a second session in the red. The ticker dropped a hefty 40% in price on high volumes of traded stock.

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