No news, no negative reviews, no promotions, no SEC filings – nothing to justify that unpleasant 60 at the end of the day for Smart Kids Group Inc.(OTC:SKGP). Yet, it is a fact, and so is the all-time high volume of traded shares. So, what happened? 
Yesterday, more than 32 million shares exchanged hands, making up for a 60% decrease in the stock price, the session closing at $0.0034 per share. Just when it seemed that SKGP is heading for penny levels. Since the beginning of May, this stock has been accumulating value, supported, of course, by catalysts like company announcements. Most noticeable is the one from May 10th, focusing on Smart Kids Group Inc. launching the first stage of its social media website. A hot topic for the company, a hot topic these days anyway. But lets get back to this negative Tuesday.
Apparently, shorters got their piece of the action during yesterday’s session. In fact, roughly 1/3 of the total trading volume for the session was on their behalf. In terms, it is interesting to see what the next sessions of the week would be like. After all, despite the positive stock performance, there is the issue with financial performance. And financial performance is what could bring sustainable growth on the stock market. Not press releases, nor speculative statements on the Internet. The latest SEC filings is the quarterly statement with and end date March, 31st this year. Among other figures, it includes: [BANNER]
- $4.2k in cash;
- $96k in total current assets;
- $740k in total current liabilities;
- $3.1 million in accumulated deficit;
- $0 in revenues;
- $201k in net loss;
Figures, not to go overlooked. What happened with LinkedIn recently was great, but it is uncertain whether Smart Kids Group could share even a fraction of this success with its newest project. In terms, its future remains one of uncertainty, even without shorters causing sudden shock on the stock market.
