Micro Stock Profit was paid $5,000 for the promotion of Cereplast, Inc. (CERP.OB), the company which develops and commercializes bio-based resins in the United States. Let’s look at the company and its performance more deeply.
Due to the unaudited last quarter results, I will take a look at the Q4 of 2008. Although the ratio between the current assets and current liabilities seems to be positive enough, 66% of current assets depend on the sale of production. In the meantime, money in cash is only $502,000. Besides, the long-term debt of $40,000 does not make the balance sheet look better.
From the income statement, it is seen that the operating loss has decreed in one quarter slightly by 3%. Unfortunately, it is not enough.
Finally, it can be stated that the company’s stock has gone down by 2% and is now at $0.125. Telling the truth, someone is hardly interested in buying the stock at this moment. Maybe the deal with Micro Stock Profit is going to change this situation. Let’s see
