Virtual Piggy, Inc. (OTC:VPIG) share price dropped to a new yearly low yesterday even though the company announced promising news yearly in the morning. 
Yet, the session closed 2.27% higher than on Friday at $0.45. The weak trading volume of only 6,600 traded shares, which is a part of the daily average of over 31,600, does not suggest VPIG is about to rise again soon to $0.70 where it was just two weeks ago.
A press release was published yesterday, but got only a vague reaction from traders. According to the announcement, the company had received Level 1 Payment card Industry (PCI) Data Security Standard (DSS) certification. VPIG latest reports show that now the company has re-directed its operations towards providing an e-commerce system for use by young people under the age of 18.
The financial reports show also, however, that whatever VPIG business currently is, its outlooks for success seem rather gloomy. The company had only $20,000 in cash at the end of September, and total assets for about $82,000, while all the debts are due in short and exceed $358,000.
Revenue for the quarter amounted zero, and for the entire period since inception about $3,000. At the same time, VPIG would need $3 million in cash to execute its business plan. Under the given circumstances, even if some willing investors come around, the funding would hardly come to the best possible terms.
