Greenhouse Solutions Inc (OTCMKTS:GRSU) Surges Out Of Nowhere

tags: GRSU

Greenhouse Solutions Inc (OTCMKTS:GRSU) rarely gets a lot of attention and is prone to big daily percentile movements. The company stock saw some action last month, despite the lack of any new press releases in about seven months.

 

The only “news” that you can find in GRSU’s news feed are the SEC filings that the company makes. Speaking of filings, the company had to file its fiscal year report for the period ended March 31, 2016 until the end of last month, but was unable to do so, leaving us with the numbers contained in its report for the quarterly period ended December 31, 2015.

 

  • cash: $4,971
  • current assets: $34 thousand
  • current liabilities: $101 thousand
  • revenues: ZERO
  • net loss: $2.4 million

 

Those numbers are pretty terrible, but GRSU has somehow managed to keep its market value above $10 million. The company finally came out with a fluff press release in the end of last month, which failed to offer a launch date for the hemp-infused beverage that it’s jointly producing with KOIOS Inc.

 

The market didn’t react to the fluff PR, but GRSU managed to burst up the charts in yesterday’s session for no apparent reason. The ticker gained 30.13% in value and finished the session with a price of $0.13, while a total of 733 thousand traded shares generated $82 thousand in daily dollar volume.

 

The company stock is a bit more stable today, but considering all the red flags and doing your due diligence before putting any money on the line is absolutely crucial.

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