No news, no press releases, no SEC filings, no promotions – just a regular trading session for Alto Group Holdings(OTC:ALTO) this July. Additionally, the negative pattern continues as there is no telling what the bottom would be, or if a reverse and a stock price accumulating value is possible. 
So, 2.6 million shares exchanging hands and $0.005 per share – this is last Friday for ALTO. Another day of decline for the stock price, this time with only 7% though. It is important to mention that this stock has been gravitating around $0.01 for a very long time now, yet, holding just above the limit. Until April. This April, it has slipped to sub-penny levels and has not managed to recover since then.
It is not like there are no operations going on. Only last month, three press releases came out, focusing on recent developments and acquisitions of the company happening in North America and Africa. A global stretch of operations. One, however, that is still unable to bring the financial results which could prompt for a reverse of the negative trend. The second quarterly statement for this year is still due, and the first one with an end date Feb. 28th is not exactly a catalyst for optimism. Among other figures, it includes: [BANNER]
- $28k in cash;
- $35k in total current assets;
- $1.6 million in total current liabilities;
- $7.9 million in accumulated deficit;
- $0 in revenues;
- $3.5 million in net loss;
Now, one might wonder how a company with less than 30k in cash operates on different continents. A few two-way flights to Africa would be enough for the cash balance to blink red. Just one of the many reasons why high caution should be applied when considering this company in terms of investment potential.
