Rock Creek Pharmaceuticals Inc (OTCMKTS:RCPI) Digging For Rock Bottom

[[tagnumber 0]][[tagnumber 1]]Rock Creek Pharmaceuticals Inc (OTCMKTS:RCPI) has had a terrible year so far. The company stock began sliding more vigorously down the charts and the daily volumes have increased significantly. The situation only seems to be getting worse and [[tagnumber 2]]RCPI[[tagnumber 3]] has recorded only two green sessions in this month so far.[[tagnumber 4]] [[tagnumber 0]] [[tagnumber 4]] [[tagnumber 0]]The value of [[tagnumber 2]]RCPI[[tagnumber 3]] has already dropped below half a million dollars, which is rather low, even by OTC marketplace standards. Still, the company is continuing to disappoint investors with its balance sheet. [[tagnumber 2]]RCPI[[tagnumber 3]] recently filed its financial report for the first quarter of this year which contained the following numbers of prime interest.[[tagnumber 4]] [[tagnumber 0]] [[tagnumber 4]] [[tagnumber 15]] [[tagnumber 16]]cash: $552 thousand[[tagnumber 17]] [[tagnumber 16]]current assets: $1.1 million[[tagnumber 17]] [[tagnumber 16]]current liabilities: $21.83 million[[tagnumber 17]] [[tagnumber 16]]revenues: ZERO[[tagnumber 17]] [[tagnumber 16]]net loss: $2.69 million[[tagnumber 17]] [[tagnumber 26]] [[tagnumber 0]] [[tagnumber 4]] [[tagnumber 0]]The company has achieved absolutely nothing in the first quarter of this year except increase its net loss from $338 thousand in the same period last year to some $2.69 million. This just means that [[tagnumber 2]]RCPI[[tagnumber 3]] might be far from stopping its downward slide.[[tagnumber 4]] [[tagnumber 0]] [[tagnumber 4]] [[tagnumber 0]]Yesterday we saw the ticker drop another 24.15% in the charts and close at $0.0201. A total of 5.31 million shares changed their owners and generated $119 thousand in daily dollar volume. Things are looking quite grim, but there is still opportunity for profit, just be sure to do your due diligence and weigh out the risks before putting any money on the line.[[tagnumber 4]]

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