Platinum Studios Inc (OTC:PDOS) has been rushing down on full speed over the past week. After the phenomenal losses last 
week, yesterday the fall continued and the stock lost the next 39% of its price. To sink even deeper, traded volume of PDOS reached approximately 25 million shares, which immediately attracted everyone’s attention. What’s behind the fall is just about to be revealed.
Apparently, Platinum Studios are crashing down and even the good news are not able to push them up. It was just yesterday, when they reported that 7-Eleven TV was chosen as the exclusive TV partner to promote the Cowboys & Aliens video game licensed by PDOS three months ago.
The positive news should have encouraged investors and pump up PDOS stock price, however, the company faced another announcement yesterday. It was released by the Bloomberg website in the form of a list with the NASDAQ “threshold securities” in compliance with the SEC Regulation.
The list consisted of stocks for which sellers failed to deliver 10.000 shares or more in the past five trading days and the level of “fails” was a minimum of 0.5 percent of the shares outstanding. Namely, PDOS has been among these stocks for 16 days already and now it is interesting what traders’ reaction will be.[BANNER]
Platinum Studios, Inc. operates as a comics-based entertainment company. Around mid-July, it hit a massive gain by promotions, so this might be another option for getting the climb. However, there is hardly a chance for the stock price to jump up as even the good news did not help. At the same time, its financials remain as disappointing as recently reported:
* $987,329 current assets
* $27.6 million current liabilities
* $525,782 revenue
* $1.2 million net loss
So far, so bad. Based on all the above-mentioned, Platinum Studios may need a miracle to get back on track.
