16.67% on the market, while its traded volume exceeded 344 million shares for the day.Quite a progressive fall, having in mind that the average volume of DTSL totals about 98 million shares. Something must have disappointed traders and they are selling off their shares.
The latest news about the company dates from Nov 19, reporting that the 888-SUB-TO-GO service of Universal Delivery Solutions, the operating unit of Delivery Tech, was co-promoting with VITAZEST® to market a Diabetic-Friendlier Menu. The two companies would use online and offline strategies to promote the new menu and to add it to the Corporate Catering offerings in the Kansas City market.[BANNER]
However, despite the positive news DTSL stock price continued to decrease.
Delivery Technology Solutions offers a complete software solution that enable companies to expand nationally and internationally their business outside their four walls. Last week, the company received an upgrade to the “Current Info” Tier Status with OTC Markets and hit the gain, though the up move lasted for a day.
According to its latest quarterly report, Delivery Tech has long-term liabilities of over $2 million, as well as a huge accumulated deficit and a net loss. Though the company’s revenues from sales have got higher, the losses have been increasing, while the cash flows have decreased.
The management of Delivery Tech plans to continue expanding the product base and to rely on its DAI and NCM agreements, however, there’s no guarantee the company will get profitable.
