Yesterday, Trycera Financial Inc (PINK:TRYF) gained 1.8%. Yet, it was not big enough to satisfy all traders. Which is why a new alert on TRYF stock flooded investors’ e-mails prior to the beginning of the current session.
Clocking in at $0.056, TRYF actually soared by 0.001, registering an eight-month high. What seemed a minuscule increase in terms of price, however, can hardly be compared to the quantum leap TRYF made with regard to the volume. More than 3.4 million shares changed hands, setting the highest volume record since Nov. 17.
Now, TRYF is expected to stir traders’ imagination in the current stock trading session. While anything is possible, investors should not be surprised by a relatively small movement as well. After all, the advertising campaign will most probably have a restricted impact on the trading as it is a non-paid one.
As suggested by its name, Tryocera Financial Inc occupies the financial services industry and specializes in providing its customers with a wide variety of financial solutions such as debit card programs and credit builder, to name a few. As far as its financial discipline is concerned, it is as good as it can possibly get since TRYF has been a diligent SEC filer for quite a while now. Its latest quarterly report covers the period ended Mar. 31, 2011. As of that date, TRYF’s unaudited balance sheet reveals:
- $28K in cash;
- negative working capital of $1.7 million;
- net loss in excess of $0.5 million.
So, the financial picture behind TRYF is bleak at best. The company is virtually unable to cover the big gap in its working capital balance. At least, TRYF has so far only issued 30% of its A/S, which means that it still disposes of some 1.5 billion authorized shares that have yet to see the light of day. While any dilution will have an adverse effect on current stockholders, it might eventually turn out to be TRYF’s only option to continue as a going concern.
