Last Friday Fuse Science, Inc. (PINK:DROP) issued a press release which suggested there are indications the company’s EnerJel may get more repeat purchases than expected.
The announcement seemed to affect the market performance of DROP, albeit very slightly. At the end a DROP share was worth $0.31 – a 9.93% increase. The volume was approximately 691 thousand shares – close to recent levels.[BANNER]
The Florida-based company started a soft launch of the product in early January, and the press release relays the optimistic view of the CEO of DROP.
While the possibility of high revenues should be good news for shareholders, there are still a lot of uncertainties about DROP.
The 10-Q for the quarter ended Dec. 31 and the following amendment didn’t show any revenues, and a recent S-1/A form stated the company would need significant additional capital.
Additionally, the dilution has been significant and it’s likely shareholders will be in for even more dilution if further financing is secured.
