Cascadia Investments (PINK:CDIV) lost half of its value over Thursday’s trading session, but traders are looking for a possible bounce to follow. The trading volume faded by the end of the day though, which means the recovery is likely to be slow.The pink sheets listed internet gaming and social media business has been on the traders’ radars for the whole 2010. Some press releases from August and September pointed to Cascadia releasing new games for iPad and those games appeared to have gained extraordinary popularity. This achievement is yet to be reflected on the pages of their financial reports.[BANNER]
The company had little revenue by the end of the second quarter this year, but managed to retain a positive cash flow due to fund raising. The company reports no share dilution to have taken place as well.
Over 207 million of outstanding shares are still a huge drawback for the company stock price. They appear to be moving forward with the business and retaining a considerably healthy balance sheet despite the losses. The market cap is going over the top with only slight increases in the share price, and the fundamentals have no way of supporting the spurts. The usually low liquidity also brings in large percentage moves, which hurt the short term players.
