Thinspace Technology Inc (OTCMKTS:THNS) Pumped Once Again

[[tagnumber 0]][[tagnumber 1]]People who have been in for the long run with Thinspace Technology Inc (OTCMKTS:THNS) are definitely not impressed with the stock’s performance that has been sliding down the charts for quite some time now.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Last month its decline became even steeper and the reason for this might be the numbers that were contained in the annual report that [[tagnumber 6]]THNS [[tagnumber 7]]posted in the end of March. The numbers of prime interest contained in its balance sheet looked something like this.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 11]] [[tagnumber 12]]cash: $136 thousand[[tagnumber 13]] [[tagnumber 12]]current assets: $412 thousand[[tagnumber 13]] [[tagnumber 12]]current liabilities: $15 million[[tagnumber 13]] [[tagnumber 12]]yearly revenues: $6.2 million[[tagnumber 13]] [[tagnumber 12]]yearly net loss: $8.3 million[[tagnumber 13]] [[tagnumber 22]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]And while we see that [[tagnumber 6]]THNS [[tagnumber 7]]has recorded some impressive revenues we just can’t go past the massive amount of liabilities that the company has on hand, as well as the big net loss. The cash on hand that [[tagnumber 6]]THNS [[tagnumber 7]]has recorded is also quite unimpressive.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]And since the press releases were obviously not enough to push the ticker in the right direction, some people decided to use an old tactic. Paid promotions. Yes, [[tagnumber 6]]THNS [[tagnumber 7]]is being pumped once again. This time, the task was given to Stellar Media Group, LLC’s outlets and the compensation is $20 thousand.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]We saw [[tagnumber 6]]THNS [[tagnumber 7]]gain 13.33% in yesterday’s session and close at $0.051 as a result of the promotional effort. The company stock beat its record volume once again, recording a total of 3.85 million shares that changed their owners and a daily trade value of $199 thousand.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Considering the fact that the recent movement of the stock can mostly be attributed to a paid promotion and the massive amount of outstanding convertible debentures that can turn into common shares at high discounts (we wrote more about them in our previous article) [[tagnumber 6]]THNS [[tagnumber 7]]remains an extremely risky investment choice.[[tagnumber 2]]