Applied Nanotech Holdings Inc. (OTC:APNT) is either going up, or moving down these days. On Monday, the stock price rose up, though yesterday it was back down and APNT lost 3.33% on the market. However, unlike the stock price, the traded volume of APNT started to increase.
Obviously, the current situation is not satisfying for APNT, thus RedChip Companies, Inc. promoted the stock yesterday. The compensation for the alert totaled $22,500 and it appears that the company has paid it by itself as no third party was involved in the campaign. Today, the result is about to be seen.
Apart from the alert, there is not much to be said about APNT at present. Last week, the company announced it was going to webcast live its Small-Cap New York Conference, though no other information on its activities was given.
What is more interesting about APNT is that on Nov 1 certain directors of its stuff have acquired different amounts of shares of the company’s common stock as compensations for serving at Applied Nanotech. Though, the future application of these shares remains unknown.[BANNER]
Recently, APNT filed its unaudited 10-Q report. As of September 30, its cash and cash equivalents have substantially increased, however, its liabilities and net loss remained uncovered. Besides, the company’s accumulated deficit jumped over $111 million, which is far beyond its revenues.
The management believes that they have the ability to continue to raise funding. Though, the team claims that there can be no assurance that they will achieve their plan for profitability this year, or that expected revenue sources will occur as planned.